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.
Cement sector sees 5% price surge in Q1FY26; UltraTech, JK Cement top buy
The Indian cement sector demonstrates resilience with rising prices despite subdued demand, particularly in the South and East regions. Capacity expansions are expected, potentially intensifying
May 17, 2025