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Add ITC, target price Rs 400: ICICI Securities

Updated at : 2022-10-21 11:30:01

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ITC Ltd. key Products/Revenue Segments include Packaged Food Item, Agricultural Products, Paper & Paper Boards, Others, Tobacco Unmanufactured, Service (Hotel), Printed Materials, Other Operating Revenue for the year ending 31-Mar-2022.

Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 43708.09 Crore) operating in FMCG sector.

Page Industries shares up 0.18% as Sensex rises

Updated at : 2022-10-21 11:30:01

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A total of 86 shares changed hands on the counter till 10:40AM (IST)

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Tata Communications Ltd. key Products/Revenue Segments include Telecommunication Services for the year ending 31-Mar-2022.

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The net profit was Rs 250 crore in the second quarter last year

The stock formed a long bullish candle along with incremental volume activity and promising reversal formation near the 20-Day SMA (Simple Moving Average), indicating further upside from current levels.

The S&P BSE Sensex recouped losses in the previous trading session and closed in the green for the fifth consecutive day on Thursday. Nifty50 closed above 17550 levels.

Other than quarterly results, Garware Technical shall consider the buyback of shares. Vodafone Idea’s board will meet for a preferential share issue. Hardwyn’s board will meet for amalgamation.

"While we expect the volatility in the markets to continue in the near term as the US Fed continues its rate hikes, we believe that inflationary pressures should start easing off in H2CY2023 which will allow central banks to cut rates which will be positive for the markets. In such a scenario we will advise investors to use any near-term volatility in the markets to increase exposure to equities. We expect the markets to start on a new uptrend in CY2023 once inflation levels come down."

“In the long run, I am pretty sure that India will become one of the larger manufacturing hubs; segments where there is pessimism today are export-oriented spaces like pharma or specialty chemicals which were in favour a year to year and a half years back. But a lot of the valuations have corrected and most of these plays are down in the last one year. That is probably where the attractiveness is. ”

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