Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. ITC Limited
  6. News
  7. Summary
    ITC   INE154A01025

ITC LIMITED

(ITC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Metals, IT drag India's Nifty lower as COVID-19 cases cross 24 million

05/14/2021 | 06:53am EDT
A man walks past the Bombay Stock Exchange (BSE) building in Mumbai

BENGALURU (Reuters) - India's benchmark Nifty 50 stock index ended lower in a volatile session on Friday, as domestic coronavirus infections climbed past 24 million, with losses in heavyweight IT and metal shares eclipsing sharp gains in Asian Paints and consumer goods majors.

The NSE Nifty 50 index slipped 0.13% to 14,677.8, while the S&P BSE Sensex was 0.09% higher at 48,732.55. Both indexes finished the holiday-shortened week 1% lower after losses earlier in the week on U.S. inflation worries.

"There is still concern in the market around how the second (coronavirus) wave will play out," said Saurabh Jain, assistant vice president research, SMC Global Securities.

"The part of the market that was doing well was sectors that were benefiting from the pandemic, and we are seeing some profits being booked there too."

Indian health ministry data showed 4,000 deaths and 343,144 infections over the last 24 hours, and although the government threw open inoculations for all adults from May 1, vaccinations have slowed down.

"Lacklustre progress with the vaccination rollout means that the threat of further outbreaks still hangs over the economic outlook," Darren Aw, Asia economist at Capital Economics, said in a note.

The Nifty Metal index dropped 3.8% as metal prices slid after a record-setting rally, while IT firms Tata Consultancy Services and Infosys fell 1.2% and 0.8%, respectively. [IRONORE/]

The Nifty Bank index clocked a weekly loss of more than 2%.

The Nifty Pharma index gave up early gains to settle 1.3% lower, but still registered its eighth week of gains.

The Nifty FMCG index was the only subindex to end in the black, gaining 2.1% on the back of a 4.4% jump in consumer goods giant ITC.

Asian Paints soared 8.5% after reporting a jump in quarterly profit and was the top boost to the Nifty.

Agrochemical maker UPL surged 7.5% to a near 26-year high after solid quarterly results and upbeat forecast.

(Reporting by Chris Thomas in Bengaluru; Editing by Maju Samuel)

By Chris Thomas


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASIAN PAINTS LIMITED -1.30% 2958.45 Delayed Quote.7.02%
INFOSYS LIMITED -0.40% 1610.5 Delayed Quote.28.24%
ITC LIMITED -0.53% 204.95 Delayed Quote.-1.94%
NIFTY 50 -0.10% 15763.05 Delayed Quote.12.74%
NIFTY BANK -0.31% 34584.35 Delayed Quote.10.62%
SENSEX 30 -0.13% 52586.84 Real-time Quote.10.13%
TATA CONSULTANCY SERVICES LTD. -0.89% 3167.45 Delayed Quote.10.64%
UPL LIMITED -1.37% 808.4 End-of-day quote.73.31%
All news about ITC LIMITED
07/29Indian Indices Close Higher on Thursday; Hindalco Industries Soars 10%
MT
07/26ITC : Consolidated Net Profit Climbs in Q1 on Higher Revenue
MT
07/24ITC Limited Reports Earnings Results for the First Quarter Ended June 30, 202..
CI
07/23Indian Benchmarks End Week in Green; Zomato Makes Strong Market Debut
MT
07/14MARKET CHATTER : ITC Plans to Double Presence of E-store
MT
06/14MARKET CHATTER : ITC Plans to Add Six New Hotels Under Welcomhotel Brand in 12 M..
MT
06/02Indian shares close flat as financials offset energy gains
RE
06/02ITC : India's ITC slides as second wave curbs likely to hit cigarette business
RE
06/02Indian shares fall as financials, IT stocks weigh
RE
06/02ITC : Consolidated Profit Slides in Fiscal Q4
MT
More news
Financials
Sales 2022 524 B 7 045 M 7 045 M
Net income 2022 151 B 2 032 M 2 032 M
Net cash 2022 215 B 2 888 M 2 888 M
P/E ratio 2022 16,7x
Yield 2022 5,34%
Capitalization 2 523 B 33 933 M 33 938 M
EV / Sales 2022 4,41x
EV / Sales 2023 3,99x
Nbr of Employees 26 071
Free-Float 70,3%
Chart ITC LIMITED
Duration : Period :
ITC Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ITC LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Last Close Price 204,95 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Sanjiv Puri Chairman & Managing Director
Supratim Dutta Chief Financial Officer
Jagdish Singh Vice President-Finance, IT & Procurement
Soumitra Mukherjee Chief Scientist, Head-Research & Development
V. Kulkarni Chief Operating Officer-PSPD
Sector and Competitors
1st jan.Capi. (M$)
ITC LIMITED-1.94%33 933
ALTRIA GROUP, INC.17.17%88 590
JAPAN TOBACCO INC.1.81%34 598
KT&G CORPORATION-0.96%8 865
PT HANJAYA MANDALA SAMPOERNA TBK-30.56%8 419
PT GUDANG GARAM TBK-20.00%4 371