Read more about Route Mobile to develop global A2P messaging platform for EITC-du on Business Standard. Route Mobile s CPaaS-enabled Hubbing Solution, with its AI capabilities, offers intelligent routing, great analytics, plug-n-play APIs, improved delivery rates and better latency. Route Mobile will additionally oversee the infrastructure,
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.
MUMBAI:
ITC is likely to report muted earnings for the quarter ended March on Tuesday, in-line with its lackluster stock performance in the calendar year so far. Analysts expect the cigarette maker to report net profit of Rs 3,729 crore, down nearly 2 per cent year-on-year.
The company’s net sales in the reporting quarter may see a growth of 12.2 per cent on-year to Rs 12,169.7 crore aided by the low base of the year-ago quarter. Analysts also expect the company’s cigarette volumes to rise 2-9 per cent in the quarter.
In the year-ago quarter, ITC’s cigarette volumes plummeted 10 per cent due to a stringent national lockdown that severely affected out-of-home consumption.