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ITC Share Price Live Updates: ITC stock price analysis

ITC Share Price Live Updates: ITC stock price analysis

Time of India2 days ago

13 Jun 2025 | 08:40:45 AM IST Discover the ITC Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent stock. Keep track of ITC with the latest details, including: Last traded price 421.0, Market capitalization: 524717.04, Volume: 18508835, Price-to-earnings ratio 15.09, Earnings per share 27.77. Our comprehensive coverage combines fundamental and technical indicators to provide you with a comprehensive view of ITC's performance. Stay informed about breaking news that can sway ITC's trajectory in the market. With our expert insights and stock recommendations, make well-informed financial decisions. Join us on this journey as we explore the exciting potential of ITC. The data points are updated as on 08:40:44 AM IST, 13 Jun 2025 Show more

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ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural
ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural

Time of India

time14 hours ago

  • Time of India

ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural

Multi-conglomerate ITC has completed the acquisition of Sresta Natural Bioproducts , which owns the ' 24 Mantra Organic brand' in an all-cash deal valued at Rs 472.50 crore. This will help ITC to expand its play in the fast-growing organic food products segment . "The company has completed the acquisition of 100 per cent of the share capital of SNBPL on 13th June, 2025," ITC said in a regulatory filing. On the acquisition cost, ITC said it had an upfront consideration of Rs 400 crore on a cash-free debt-free basis and addition, consideration of up to Rs 72.50 crore, which is payable in the next 24 months. In April ITC had informed it had signed a share purchase agreement with Sresta Natural Bioproducts Private Limited (SNBPL) to acquire 100 per cent stake in the company. This acquisition is "in line with the strategy to augment the company's future-ready portfolio, the transaction is expected to fortify ITC's presence and market standing in the high-growth organic products segment in both Indian and overseas market," the Kolkata-headquartered firm said. SNBPL's portfolio comprises a wide range of over 100 organic products, spanning branded grocery staples, spices and condiments, edible oils, and beverages, among others. Besides, it has a strong international presence with a deep connection with the Indian diaspora. The domestic organic food products industry offers a "significant opportunity" for growth on the back of increasing health and environmental consciousness, a rise in household incomes and new-age distribution channels, ITC said, adding that SNBPL is a pioneer and leading player in the organic packaged staples category. SNBPL has two wholly-owned subsidiaries -- Fyve Elements LLC, USA and Sresta Global FZE, UAE. SNBPL, incorporated in March 2004, recorded a revenue of Rs 306.1 crore in FY 2023-24. Over the years, it has built a strong network of approximately 27,500 farmers and 1.4 lakh acres of certified organic land across 71 clusters in 10 states.

ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural
ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural

Time of India

time20 hours ago

  • Time of India

ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural

Multi-conglomerate ITC has completed the acquisition of Sresta Natural Bioproducts , which owns the ' 24 Mantra Organic brand' in an all-cash deal valued at Rs 472.50 crore. This will help ITC to expand its play in the fast-growing organic food products segment . "The company has completed the acquisition of 100 per cent of the share capital of SNBPL on 13th June, 2025," ITC said in a regulatory filing. On the acquisition cost, ITC said it had an upfront consideration of Rs 400 crore on a cash-free debt-free basis and addition, consideration of up to Rs 72.50 crore, which is payable in the next 24 months. In April ITC had informed it had signed a share purchase agreement with Sresta Natural Bioproducts Private Limited (SNBPL) to acquire 100 per cent stake in the company. This acquisition is "in line with the strategy to augment the company's future-ready portfolio, the transaction is expected to fortify ITC's presence and market standing in the high-growth organic products segment in both Indian and overseas market," the Kolkata-headquartered firm said. SNBPL's portfolio comprises a wide range of over 100 organic products, spanning branded grocery staples, spices and condiments, edible oils, and beverages, among others. Besides, it has a strong international presence with a deep connection with the Indian diaspora. The domestic organic food products industry offers a "significant opportunity" for growth on the back of increasing health and environmental consciousness, a rise in household incomes and new-age distribution channels, ITC said, adding that SNBPL is a pioneer and leading player in the organic packaged staples category. SNBPL has two wholly-owned subsidiaries -- Fyve Elements LLC, USA and Sresta Global FZE, UAE. SNBPL, incorporated in March 2004, recorded a revenue of Rs 306.1 crore in FY 2023-24. Over the years, it has built a strong network of approximately 27,500 farmers and 1.4 lakh acres of certified organic land across 71 clusters in 10 states.

From Rs 25,000 monthly salary to Rs 5 crore savings in 11 years: How a middle-class employee achieved his dream
From Rs 25,000 monthly salary to Rs 5 crore savings in 11 years: How a middle-class employee achieved his dream

Time of India

timea day ago

  • Time of India

From Rs 25,000 monthly salary to Rs 5 crore savings in 11 years: How a middle-class employee achieved his dream

Inspired by Long-Term Investing Crisis as an Opportunity Living Within Means and Planning Ahead Avoiding Common Pitfalls Achieving financial independence on a modest salary may seem out of reach for many middle-class professionals. But over 11 years, one salaried individual steadily built a net worth of Rs 5 crore—without inheritance, business income, or sudden windfalls. His journey, shaped by disciplined saving, long-term investing, and strategic career choices, offers practical insights for anyone looking to grow wealth from 2013, a middle-class employee began his career with Rs 25,000 monthly salary. From the very beginning, he set aside 25% of his income as savings. His financial discipline grew stronger after he shifted back to his hometown, eliminating rental expenses and increasing his savings rate to 75%. By 2024, this approach helped him build a net worth of Rs 5 crore—a milestone he called his biggest achievement of the his entire financial journey on the INDmoney YouTube channel, he credited this financial transformation to three key factors: prioritising career growth to increase his income, practising delayed gratification, and staying committed to equity investing. Importantly, he noted that having no debt and not paying rent gave him a significant head start.A defining moment in his investment journey came during his stint as a wealth manager. There, he came across an ITC employee whose employee stock options had grown into a Rs 5 crore corpus over two decades. This real-life example solidified his faith in the power of long-term equity investing and compounding entered the stock market in 2013–14, gradually building a portfolio that yielded annualised returns of around 18–20%. His stock-picking approach centred on small companies in growing industries, avoiding highly saturated market leaders. He preferred businesses that generated healthy cash flows, had minimal debt, and avoided red flags like promoter pledging or frequent equity 2020 market crash proved to be a turning point. His portfolio fell by 45% during the COVID crisis. Instead of panicking, he doubled down and bought more stocks as the Nifty Index dropped to the 8,000–10,000 range. This aggressive move paid off, helping his portfolio recover strongly in the following 90% of his assets are in equities, while the remaining 10% is split between cash, NPS, and EPF. He has also started exploring passive income sources such as REITs and infrastructure investment trusts, including IndiGrid, which offers nearly 10% achieving a high net worth, he remains cautious about early retirement. His current monthly expenses stand at Rs 1–1.2 lakh, and he believes that Rs 5 crore may not be enough to sustain financial independence in the long term, especially with rising education and lifestyle also highlighted how pursuing an MBA helped boost his income significantly, compared to peers who joined the workforce right after engineering. In his early years, he opened a PPF account and delayed luxury purchases, even buying his first iPhone only after accumulating a Rs 10 lakh back, he cautioned against getting swayed by investment fads like cryptocurrencies or bankrupt stocks. He emphasized the importance of building a solid foundation first and sticking to long-term fundamentals. In one of his online interactions, he underlined that staying invested for the long run was far more effective than trying to time the summed up his philosophy by saying that while investing is undoubtedly challenging, the long-term grind of working 9 to 5 for 40 years is even harder.

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