35% dip in one year! ITC shares rise on better Q2 results buzz; experts give buy tag? Target price, stop-loss
ITC moved lower in a quarterly results development.
· LiveMint Markets
ITC share price has fallen over 25% in YTD, but experts are bullish on this ciggerette stock on a better Q2 earnings…
The analysis
ITC reported movement of 35% and 25%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -3.8% on the day at ₹255.50, and has returned -9.4% over three months. It sits 39% below its 52-week high, which means a good deal of bad news was already in the price. The fmcg sector has moved -4.2% over the same period, so ITC is running 5.2 points behind its peers.
For ITC, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is ITC.
- Sector exposure: FMCG.
- The immediate tone of coverage reads negative.
In this story
Related coverage
Hotel stocks to check-in | Why buy Leela, Lemon Tree, ITC Hotels ahead of Diwali, holiday season? JM Financial explains
Hindustan Unilever Q4 Preview: Price cuts, slow demand, regional competition to hurt topline
Stock Market Crash LIVE: Sensex Tanks Over 1,200 Points, Nifty 50 Below 22,200; ITC, JSW Steel, IndiGo Among Top Losers
Dividend powerhouse: Coal India, ITC, REC, NMDC, Aptech, Radiant Cash - Which stock is real dividend multiplier? Details
ITC share price dips 4%, will it bounce back? Experts' view, target price, stop-loss