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JEFFERIES ON ITC
ITC shares fall 2% after Q4 results. What Goldman Sachs, Morgan Stanley and others are saying?ITC shares slipped on Friday despite a 5% rise in Q4 standalone profit and strong FMCG growth. Brokerages remained cautious, with Goldman S...- Iran war impact on travel: How Jefferies is tweaking its hotel, airline stock portfolioJefferies has turned cautious on India’s travel sector as the Iran–Middle East war hurts international traffic, lifts fuel costs and weaken...
- ISB Class of 2026 sees highest salary of Rs 1.56 crore, average salary of Rs 37.29 lakh during placementsThe Indian School of Business PGP Class of 2026 achieved significant placement success. A total of 1,117 job offers were extended to 808 st...
- What cigarette tax hike means for 37 lakh ITC shareholders? Jefferies explainsJefferies warned that the sharp hike in cigarette excise duty is clearly negative for ITC in the near term, likely hurting volumes and earn...
- Hot Stocks: Brokerage view on ITC, Sun Pharma, Adani Ports, Zomato and DaburJefferies has maintained a buy rating on ITC with a target price of Rs 585. The 3% growth in cigarette business volume met expectations, an...
- Jefferies downgrades ITC, cuts target price by Rs 90. It's not just about BATBAT's potential stake sale in ITC could result in a supply overhang of about $2.5 billion. BAT is facing challenges from declining cigarett...
- Hot Stocks: Brokerage view on Page Industries, Zomato, Lupin and ITCMacquarie maintained an underperform rating on Zomato with a target price of Rs 76. The company has seen steady margin improvements and str...
- ITC shares may remain range-bound till final Budget after election"While ITC trades at reasonable valuations (26x FY25e EPS), we expect the stock to remain range-bound, given near-term volume moderation (c...
- Hot Stocks: Brokerage view on L&T, Voltas, RIL and ITCCitigroup maintained a buy rating on L&T with a target price of Rs 4082. "The company reported healthy order inflows and execution. The Dec...
- ITC shares extend slide, drop 3% on plan to keep hotel business stake post spinoffITC said on Monday it would spin off the hotel business, separating it from its cigarettes and food units, but retain a 40% stake in the ne...
- Not a concern anymore! Jefferies raises ITC target price on hotels business valuation shiftITC is considering a new structure for its hospitality business due to concerns over high capital expenditure and weak returns. The hotel b...
- ITC's dream run on D-Street to continueITC shares fell as much as 2% in early trade before recovering all its losses to end marginally in the green. The stock closed at ₹420.10 a...
- Hot Stocks: Global brokerages on ITC, SBI, and InterGlobe Aviation post Q3 resultsMorgan Stanley maintained an overweight rating on ITC with a target price of Rs 415 post Q3 results.Q3 earnings were ahead of Morgan Stanle...
- Budget key event for ITC; NCCD hike of less than 5% positive for stock: JefferiesThe upsides for the stock include volume growth in cigarette business as ITC regains share from illicit trade and the margin expansion in n...
- After 2 years of goldilocks period, will FY24 Budget be a boon or bane for ITC?If the quantum of hike in tax is around this level, then Jefferies believes ITC can absorb it by passing on to consumers and not seeing any...
- Multiple headwinds likely to weigh on consumer stocksJefferies has cut FMCG giant Hindustan Unilever's earnings estimates for 2022-23 by 9% and by 3% for 2023-24. With soaps and detergents - t...
- ITC gains could go up in smoke if tobacco taxes rise in BudgetITC shares had seen a technical breakout in September after moving in a range of ₹200-220 for several months. From a low of ₹199.1 hit in e...
- Tobacco tax concern may weigh on ITC shares till BudgetAnalysts at Jefferies said that while there is no visibility on the outcome, the news flow has raised uncertainty till the Budget, keeping ...
- ITC is best in class on ESG, says JefferiesThe brokerage has a buy rating on ITC with a target price of Rs 265.
- Falling input costs a plus for FMCG stocks: JefferiesJefferies found risk-reward less compelling for HUL, Britannia and Godrej Consumer.
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