ITC Share Price Live Updates: ITC closes at Rs 422.75
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
8 hours ago
- Mint
Sensex rebounds over 1,100 points from day's low; why is Indian stock market rising despite Trump's 25% tariff shock?
Shrugging off concerns over the 25 per cent tariff imposed by US President Donald Trump, the Indian stock market staged a smart rebound in intraday trade on Thursday, July 31, with stocks such as Hindustan Unilever (HUL), ICICI Bank, and ITC leading the recovery. The Sensex jumped over 1,100 points from the day's low, while the Nifty 50 reclaimed the 24,950 level. Volatility index India VIX rose nearly 4 per cent during the session. Around 2:20 PM, the Sensex was 166 points, or 0.20 per cent, up at 81,648, while the Nifty 50 was 54 points, or 0.22 per cent, up at 24,909. The rise in the benchmark indices appears to stem from the belief that Trump's tariffs will impact certain sectors and stocks, but not the overall market. Trump announced a 25 per cent tariff and a penalty on India on July 30, effective August 1. These tariffs are likely to affect certain sectors, such as textiles, auto components, leather goods, gems and jewellery, and some food exports. "The tariff is likely to impact specific sectors and stocks rather than the broader market, as India's exports to the US account for only about 2 per cent of the country's GDP. Its effect will be felt more at the micro level," said G Chokkalingam, the founder and head of research at Equinomics Research Private Limited. Many experts view Trump's July 30 tariff announcement as a pressure tactic to push India to open up its agricultural sector. The market is somewhat confident that further negotiations could bring tariffs down to the 15–20 per cent range, which would not be significantly negative for the market. "Our sense is that the tariff announced yesterday was more of a pressure tactic. This is why the knee-jerk reaction in the market didn't sustain. Over time, it's possible that tariffs may settle around 15 per cent or so, which is providing some comfort to the market — and that's why we're seeing a rebound," said Pankaj Pandey, the head of research at ICICI Securities. The focus, eventually, will come back to earnings and macroeconomic growth. The domestic market is discounting earnings revival in the second half of the financial year. "Q1 earnings have been largely on expected lines. We expect earnings to revive in the second half of the year, which can help the market sustain its gains," said Pandey. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
&w=3840&q=100)
Business Standard
11 hours ago
- Business Standard
FMCG shares in focus: HUL, Emami, Godrej Consumer gain up to 4%; here's why
FMCG shares price today Shares of fast moving consumer goods (FMCG) companies rallied up to 4 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market after HUL announced June 2025 quarter (Q1FY25) earnings. HUL, ITC, Emami, Godrej Consumer Products, Dabur India, Marico and Britannia Industries were up 1 per cent to 4 per cent on the BSE in intra-day trade. At 11:15 AM; BSE FMCG index, the sole gainer among sectoral indices, was up 1 per cent, as compared to 0.5 per cent decline in the BSE Sensex. However, thus far in the calendar year 2025, the FMCG index has underperformed the market by falling 1.5 per cent, as against 3.3 per cent rise in the BSE Sensex. HUL's Q1 results HUL reported a consolidated Underlying Sales Growth (USG) of 5 per cent and an Underlying Volume Growth (UVG) of 4 per cent. The company said earnings before interest, taxes, depreciation, and amortization (EBITDA) margin declined by 130 bps year-on-year (YoY) at 22.8 per cent, in line with its guidance. Reported EBITDA was down 0.69 per cent YoY at ₹3,718 crore. Sales grew 5 per cent YoY at ₹ 16,323 crore. Net profit was up 6 per cent at ₹2,768 crore. The brokerage firm Elara Capital expected revenue, EBITDA, adjusted net profit of ₹ 15,980 crore, ₹3,645 crore and ₹2,612 crore, respectively. FMCG sector outlook FMCG demand has continued to remain stable, with a gradual uptick in recency. Encouraged by favourable macro-economic indicators, HUL management said the company strategically stepped up its investments to effectively advance its portfolio transformation agenda in this quarter. As a result, HUL delivered competitive, broad-based growth with an Underlying Sales Growth of 5 per cent, driven by an Underlying Volume Growth of 4 per cent, at a consolidated level. Going forward, the management expects this gradual recovery to be sustained. The Indian FMCG industry's mid-to-long term outlook remains highly optimistic, underpinned by various favourable factors. Looking ahead, HUL expects demand conditions to improve gradually over the next fiscal year. Macro conditions will benefit from monetary stimulus, lower food and crude inflation and higher agricultural output. HUL maintains a strong conviction in the significant mid- to long-term potential of the Indian FMCG sector, fueled by increasing affluence across the population, currently low per capita FMCG consumption indicating substantial headroom for growth, and a rapidly developing digital infrastructure that enhances market access and consumer engagement, HUL said in its FY25 annual report. Meanwhile, Mirae Asset Sharekhan expects gradual uptick in volume growth of consumer goods comapnies on low base from Q1/Q2FY26 driven by expectations of a good monsoon, moderation in urban inflation and government impetus to aid a volume recovery. With sustained input cost inflation, most companies have likely taken further price hikes in Q1FY26. Hence, the brokerage firm believe large improvement in volume growth could be seen in H2FY26 amid stable demand. On the margin front, margins are likely to remain lower in the coming quarters and if input prices stabilise in the coming months, the brokerage firm said they might see margin expansion from H2FY26.
Time of India
14 hours ago
- Time of India
ITC Share Price Live Updates: ITC's beta suggests lower volatility
Stay up-to-date with the ITC Stock Liveblog, your trusted source for real-time updates and thorough analysis of a prominent stock. Explore the latest details on ITC, including: Last traded price 407.8, Market capitalization: 510215.02, Volume: 19348, Price-to-earnings ratio 14.68, Earnings per share 27.76. Get a comprehensive understanding of ITC with our coverage of both fundamental and technical indicators. Stay informed about breaking news that can have a significant impact on ITC's performance. Our expert opinions and recommendations empower you to make well-informed investment choices. Trust the ITC Stock Liveblog to keep you informed and equipped in the dynamic market landscape. The data points are updated as on 09:02:04 AM IST, 31 Jul 2025 Show more Show less
