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ITC's cigarettes performance improves in Q3, but fails to light up stock


ITC’s cigarettes performance improves in Q3, but fails to light up stock
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ITC s cigarette volumes are estimated to have declined in single digits this time around.. REUTERS/Michaela Rehle/File Photo
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Shares of ITC Ltd fell close to 4% on Friday on NSE after the company’s December quarter results failed to excite investors. “ITC’s 3QFY21 earnings were muted and lower even versus our subdued expectations, said analysts from JM Financial Institutional Securities Ltd in a report on 11 February.
Cigarette volumes are estimated to have declined in single digits this time around. Analysts from ICICI Securities Ltd point out, “Cigarette volume declined about 7% year-on-year in 3QFY21 (our view) - impacted by (1) price hikes (during 1HCY20), (2) urban markets are yet to return to normalcy (for the category consumption). Nonetheless, December quarter volume performance marks an improvement from the double-dig ....

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Uttarakhand flash floods: Search operations underway at Tapovan tunnel


Uttarakhand flash floods: Search operations underway at Tapovan tunnel
Uttarakhand flash floods: Search operations are underway in Chamoli
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On Friday, a control room has been set up at the Uttarakhand Police Headquarters
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On the 7th day, rescue operations underway at the Tapovan tunnel in Joshimath of Chamoli district where a glacier burst on Sunday triggered an avalanche and a deluge in the Alaknanda river system.
As per the last update on the rescue operations that came on Friday night, police said that 38 bodies have been recovered so far, out of which 11 people have been identified. ....

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Rahul Gandhi Remains Unfazed During Online Session Even as Earthquake Shakes Delhi


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Rahul Gandhi s Reaction as Earthquake Strikes Delhi During Zoom Call Goes Viral
Rahul Gandhi kept his cool even as tremors of the 6.3 magnitude earthquake in Tajikistan shook parts of north India | Image credit; ANI/Twitter
Rahul Gandhi was in the middle of an online session with the students of Chicago University and historian Dipesh Chakrabarty when the 6.3 magnitude earthquake hit Tajikistan.
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Congress leader Rahul Gandhi remained unfazed during an online session on Friday night and continued to answer questions on a Zoom call, even as an earthquake hit Tajikistan.
Several parts of North India including Delhi, Haryana, Punjab, Himachal Pradesh, Uttarakhand Jammu and Kashmir felt tremors of the 6.3 magnitude earthquake that hit Tajikistan late on Friday night. Wayanad MP Rahul Gandhi was at the time engages in an online interactive session with political science students of the University of Chicago in the United States. ....

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