June 02, 2021
Possible demerger could unlock value, says Edelweiss
The scrip of ITC closed at ₹209.05 on Wednesday, about 3 per cent lower, at the NSE, despite most analysts remaining bullish on the stock after the company came out with Q4 results that met their expectations.
Diversified conglomerate ITC reported an over one per cent drop in standalone net profit for the quarter ended March 31, 2021, to ₹3,748 crore.
Most brokerages such as Morgan Stanley, Jefferies, Emkay Global Financial Services, Yes Securities, IDBI Securities, Prabhudas Lilladher and Centrum Broking have maintained their positive stance on the company while others still remain cautious on the stock.