financetom
Market
financetom
/
Market
/
Titan is our discretionary bet; maintain 'buy' on ITC, says Edelweiss Securities
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Titan is our discretionary bet; maintain 'buy' on ITC, says Edelweiss Securities
Jan 7, 2019 4:05 AM

FMCG stocks Titan and ITC are on the radar on the back of some brokerages betting on the stocks.

Abneesh Roy, senior VP-Institutional Equities at Edelweiss Securities said that Titan continues to invest into business in terms of marriage related offerings and in terms of expansion.

"We expect strong numbers for most of the quarters, so Titan is one of our top discretionary bets and currently we have a target price of Rs 990,” said Roy.

Talking about ITC, he said, "We will see double-digit EBITA growth in ITC in Q3 of FY19."

He further expects 6 percent volume growth in cigarettes in Q3 of FY19 for ITC.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Futures tread water ahead of retail sales data
Futures tread water ahead of retail sales data
Jul 16, 2024
(Reuters) - Wall Street futures were steady on Tuesday after the main U.S. indexes rallied in the previous session, as markets awaited retail sales numbers and a bevy of corporate earnings. Equity markets jumped on Monday, with the Dow Jones Industrial Average notching a record closing high, as investors priced in higher chances of a Federal Reserve interest-rate cut in...
US STOCKS-Futures tread water ahead of retail sales data
US STOCKS-Futures tread water ahead of retail sales data
Jul 16, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Futures up: Dow 0.08%, S&P 500 0.02%, Nasdaq 0.02% July 16 (Reuters) - Wall Street futures were steady on Tuesday after the main U.S. indexes rallied in the previous session, as markets awaited retail sales numbers and a bevy...
US STOCKS-Futures rise as focus shifts to retail sales data
US STOCKS-Futures rise as focus shifts to retail sales data
Jul 16, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Retails sales report due at 8:30 a.m. ET * BofA's Q2 profit falls on shrinking interest income * UnitedHealth ( UNH ) falls on higher medical costs * Musk plans to commit ~$45 mln a month to pro-Trump super...
Futures tread water ahead of retail sales data
Futures tread water ahead of retail sales data
Jul 16, 2024
(Reuters) - Wall Street futures were steady on Tuesday after the main U.S. indexes rallied in the previous session, as markets awaited retail sales numbers and a bevy of corporate earnings. Equity markets jumped on Monday, with the Dow Jones Industrial Average notching a record closing high, as investors priced in higher chances of a Federal Reserve interest-rate cut in...
Copyright 2023-2025 - www.financetom.com All Rights Reserved