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ITC LTD

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ITC trade ideas

Itc outperformed in weak market, Fundamental and Tech analysisITC Ltd ITC outperforms in weak market - Stock gains 7% in last five days October-December quarter (Q3FY22) - Strong all-around revenue performance - Cigarettes staged a recovery with revenues at Rs 6,959 Cr - Compared with Rs 6,091 Cr a year ago - Pre-tax profits from the segment stood at Rs 4,187 crore - Compared with Rs 3,659 Cr in the year-ago period Cigarettes business Performance - Stable taxation on cigarettes would result in high growth in cigarette volumes in the medium term. - Cigarettes business was one of the worst impacted businesses in last two years due to Covid-19 disruptions - Cigarette business growth in the current quarter reflects that volumes surpassed pre-covid high levels - Margins of this segment : 14% year-on-year growth in earnings before interest and tax (EBIT) Paperboard business Performance - Demand recovery from the user industries FMCG business - Growth was at a slower pace of 9.3% - Still stronger growth compared to most other FMCG peers End of financial highlights Tech Analysis With its peers loosing all the gains of previous year, Itc has been maintaining its support on 215 for quite a few months now, another good support stands at 201 levels. However Itc has always proven itself as a zig zag stock so the next resistance is at 236, which can again bring profit booking in this stock. Look out for these levels and keep a stop loss in ratio of 1:2. End of Tech Analysis
NSE:ITCLong
by mrassewat377
ITC - long viewThe stock has crested a good base at the level range of 204 levels. As you can see the stock has taken support around this area and moved upwards. It reached a high of 265 levels before crumbling to huge selling pressures. The stock is trying to make its way back to the top. I have presented my views on the chart with levels that can help you take your trades. Thanks & Regards, If you feel you can make use of my views and put them to good use, request you to kindly revert with feedback/suggestion/improvement
NSE:ITCLong
by ruelfernandes
Best Buy Zones for ITC #Bottomfishing Best Buy Zone: 163 - 182 Good Buy Zone: 182 - 205 Add on bounce, not while it is falling. Long Term Portfolio Stock. Tracking Quantity can be taken at 211. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
NSE:ITC
by Happy_Candles_Investment