Page 2 - Itc Ltd
'Biki' Oberoi: Hotelier extraordinaire
To convert these concepts into practice, Biki introduced a 'transformation programme' into the existing hotels in the Group
 "'Biki' Oberoi: Hotelier extraordinaire")
HUL to cut prices of soaps, detergents to keep local competition in check
Large FMCG companies have seen their sales cut by homegrown brands in India. This is especially true for soaps, detergents, hair oil, tea, and biscuits
 "HUL to cut prices of soaps, detergents to keep local competition in check")
ITC Q2 profit rises 10.3% to Rs 4,927 crore, misses estimates as costs rise
Analysts, on average, had expected a profit of Rs 4,954 crore rupees, according to LSEG data
 "ITC Q2 profit rises 10.3% to Rs 4,927 crore, misses estimates as costs rise")
82% young Indians say parents would be supportive in mental therapy: Study
The survey also said that parents play a vital role in a family to discuss and fight mental health issues
 "82% young Indians say parents would be supportive in mental therapy: Study")
Nifty heavyweights at crossroads; HDFC, ICICI Bank look favourable on chart
HDFC Bank, Reliance Industries, ICICI Bank, Infosys and ITC collectively hold over 42 per cent weightage on the Nifty 50, and are expected to act as trend setters for the benchmark.
 "Nifty heavyweights at crossroads; HDFC, ICICI Bank look favourable on chart")
I do not think it is time for investors to be fearful: First Global's Mehra
The risk of a large correction or a time to be fearful is when the market is far above the trend line, which is not the case currently, says Mehra
 "I do not think it is time for investors to be fearful: First Global's Mehra")
ITC's Puri hopes food export bans are short-lived once supply stabilises
The company, a major wheat exporter, saw its agriculture business revenue decline 25% in the April-June quarter, hit by the export bans, according to its quarterly earnings presentation
 "ITC's Puri hopes food export bans are short-lived once supply stabilises")
ITC hits 2-month low; stock down 12 per cent from record high
The board of ITC on Monday approved the Hotel demerger, with share entitlement ratio of 10:1 for the demerged entity.
 "ITC hits 2-month low; stock down 12 per cent from record high")
FMCGs extend fall on RBI's warning of higher inflation; more pain on cards?
Barring Varun Beverages that reached a new all-time high and Colgate Palmolive (India), other FMCG stocks trade fragile.
 "FMCGs extend fall on RBI's warning of higher inflation; more pain on cards?")
Stocks to Watch today, Aug 16: IndiGo, ITC, SBFC, Infy, Voda Idea, M&M, Zee
Stocks to watch on August 16, 2023: Shares of IndiGo are likely to be in focus amid reports of a likely stake sale by the co-founders Gangwal family on Wednesday.
 "Stocks to Watch today, Aug 16: IndiGo, ITC, SBFC, Infy, Voda Idea, M&M, Zee")
ITC hotel biz demerger allays capital allocation concerns, say analysts
Some investors may have preferred a vertical split (100 per cent direct). This move will not likely have a big implication for ITC's share price, wrote analysts at Jefferies in a note
 "ITC hotel biz demerger allays capital allocation concerns, say analysts")
Hotel stocks have more room for an upside; buy selectively: Analysts
The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in FY24.
 "Hotel stocks have more room for an upside; buy selectively: Analysts")
HUL, Colgate, UBL: Here's how to trade FMCG stocks post ITC de-merger plan
The FMCG index has breached previous reversal support, igniting fear of caution among retail traders. This move emerged after the index reached a new historic peak a few sessions ago.
 "HUL, Colgate, UBL: Here's how to trade FMCG stocks post ITC de-merger plan")
ITC board gives in-principle approval for demerger of hotels business
The move may improve ITC's ROCE by 2,000 bps
 "ITC board gives in-principle approval for demerger of hotels business")
Demerger to boost ITC's cash flows, create India's 2nd biggest hotel group
The demerger will however have only a marginal negative impact on ITC overall earnings and share price given the hotel division miniscule contribution to its consolidated finances
 "Demerger to boost ITC's cash flows, create India's 2nd biggest hotel group")
ITC demerger: Medium-term outlook intact; stk can hit Rs 550 to Rs 575 mark
While the medium-term outlook remains highly optimistic, the stock may remain choppy in the near-term
 "ITC demerger: Medium-term outlook intact; stk can hit Rs 550 to Rs 575 mark")
ITC surpasses HUL to become the most-valued FMCG stock after 4 years
Thus far in calendar year 2023, the share price of ITC has appreciated by 48 per cent, while HUL's stock price has gained 1.3 per cent and the Sensex 8.8 per cent, respectively.
 "ITC surpasses HUL to become the most-valued FMCG stock after 4 years")
Number of crorepati employees at ITC, HUL, United Spirits up nearly 25% YoY
At ITC, the number of crorepati employees jumped by 36 per cent year-on-year to 257 in FY23 from 189 in the previous year. In HUL, 205 managers earned more than Rs 1 crore in annual salary in FY23
 "Number of crorepati employees at ITC, HUL, United Spirits up nearly 25% YoY")
What's cooking in ITC's kitchen that's made analysts bullish on the stock?
Analysts at Jefferies beleive the stock could top the Rs 600-mark, an upside of over 34 per cent from current levels
 "What's cooking in ITC's kitchen that's made analysts bullish on the stock?")
ITC Limited, Vidya Polymer submit resolution plans for Shakti Bhog
Shakti Bhog food which has defaulted on Rs 7,000 crore of bank loans
 "ITC Limited, Vidya Polymer submit resolution plans for Shakti Bhog")
