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Stock Market March 12: SpiceJet will be a stock to watch out for after two top executives of the airline resigned. Here are other stocks to look out for ....
BAT s potential stake sale in ITC could result in a supply overhang of about $2.5 billion. BAT is facing challenges from declining cigarette volumes in key markets, including the US. The company also holds $40 billion in net debt, accounting for 3x Ebitda and nearly 60% of the market cap. ....
ITC’s shares have fallen sharply, by around 4 percent at closing, as news broke that a major shareholder BAT plans to sell part of its stake in the company. What are the issues at stake? ....
BAT chief executive Tadeu Marroco said in its preliminary earnings release for 2023 that the company continues “to pursue all opportunities to enhance balance sheet flexibility” and as part of this regularly reviews its stake in ITC. ....