ITC will declare its Q4 earnings on May 18th, along with the final dividend for FY22. The firm has already acquired over 39% of share capital in Sproutlife Foods Private Limited for Rs 175 crore. In Q3 FY23, the company posted a 21% YoY increase in net profit to Rs 5,031 crore. The target price for ITC is Rs 435 per share, and out of 32 analysts covering the stock, 30 have given strong buy and buy ratings. Recently, ITC has surpassed Infosys to become the sixth-largest company by market cap.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of