ITC rallies even as inflation scare hits D-Street! Here's why - Economic Times

5/19/2022 12:00:00 AM2 years 11 months ago
by Amit Mudgill

Analysts said cigarette volumes and profits were both better than forecasts, and the beat in FMCG was driven by both growth and margin. They find ITC attractive also because of solid growth in other segments and 4-5 per cent dividend yield.

NEW DELHI: On a day when domestic benchmark indices plunged 2 per cent amid a global meltdown, ITC stock was on a firm footing on Thursday morning and was the lone Sensex gainer, not only due to its … [+3699 chars]

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ITC rallies even as inflation scare hits D-Street! Here's why - Economic Times

Analysts said cigarette volumes and profits were both better than forecasts, and the beat in FMCG was driven by both growth and margin. They find ITC attractive also because of​ solid growth in other segments and 4-5 per cent dividend yield.

Analysts said cigarette volumes and profits were both better than forecasts, and the beat in FMCG was driven by both growth and margin. They find ITC attractive also because of solid growth in other segments and 4-5 per cent dividend yield.