ITC shares rose 2% after the FMCG major reported June-quarter results, despite a 27% YoY decline in standalone net profit. Revenue grew 28%, while Nomura upgraded the stock to Buy, citing an attractive risk-reward profile and potential recovery in cigarette profitability. ITC also warned that imported inflation, a weak monsoon, lower kharif sowing and West Asia tensions could pose near-term risks.
Warren Buffett sounds alarm as stock market warning returns for only second time in 155 years
Warren Buffett’s caution comes as the S&P 500’s CAPE ratio approaches levels seen only during periods of extreme valuations. While elevated readings can signal weaker
September 19, 2026