ITC has been one of the best performing large-cap stock at the bourses thus far in calendar year 2022 (CY22), rallying nearly 52 per cent during this period and outperforming the sector benchmark - the S&P BSE FMCG index - by a wide margin that moved up around 17 per cent during this period. However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then. So, is the rally in the stock coming to an end, and is this a good time to book profit?
The Indian foods industry is at an inflection point, believe major fast moving consumer goods companies.
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
Infosys slipped nearly 9% after the company cut full year revenue outlook for FY17.
Of the 16 FMCG firms, 12 companies saw an increase in their respective foreign institutional investors holding in three months ended September 2013 over the year-ago period, while the remaining four witnessed a decline in FIIs stake, according to a report by A C Choksi Share Brokers.
Sensex, Nifty end the day in red ahaead of F&O expiry.
Financials and auto stocks were the top losers while energy and IT shares recovered
Infosys, Wipro and HUL among the top losers for the day.
Gujarat-based tea major will run a Rs 2-cr roadblock on Hindi and regional news channels.
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
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