{"id":91853,"date":"2023-02-23T13:45:00","date_gmt":"2023-02-23T08:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=91853"},"modified":"2023-02-23T14:38:59","modified_gmt":"2023-02-23T09:08:59","slug":"fmcg-at-all-time-high-brokerage-sees-more-upside","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/","title":{"rendered":"FMCG stock at all-time high; Brokerage sees more upside\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1399221577\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>ITC Limited saw its shares gain as much as 2.5 percent in the early hours of Thursday as the stocks reached an All-Time High of Rs 393.85. The conglomerate&#8217;s shares have gained approximately 17 percent in the past month.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-984369220\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The scrip has been gaining after it posted its quarterly numbers. Their total revenue stood at Rs 19,616.08 Crore, up 4 percent Year on Year from Rs 18,787.72 Crore. The Company sustained strong growth momentum across all operating segments during the quarter.&nbsp;<\/p><p>The net profit of the company stood at Rs 5,070.09 Crore which is an increase of 23 percent Year on Year from Rs 4,118.80 Crore. ITC\u2019s Paperboards, Paper &amp; Packaging saw a growth of 35.2 percent followed by Agri-Business and FMCG segments recording 32.6 percent and 18.5 percent respectively.&nbsp;<\/p><p>ITC Limited is an Indian conglomerate company that has a diversified presence across industries such as FMCG, hotels, software, packaging, paperboards, specialty papers, and agribusiness.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3560740185\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The stock gained momentum and has been on an upward trend since 2022. In the span of a year, the stock has increased from Rs 215 to the current levels, delivering a return of 82 percent in the period.&nbsp;<\/p><p><strong>Based on the recent developments, brokerage firm Nomura is bullish on the stock and has a \u2018Buy\u2019 tag with a target price of Rs 455 per share representing an upside of 15% from the current levels.&nbsp;<\/strong><\/p><p>We anticipate that the strong business growth momentum will continue across all divisions. In the case of cigarettes, we believe that a pragmatic tax regime not only provides fodder for illicit volume growth but also raises the predictability premium. We expect FMCG, hotels, and paperboard to continue to witness improvement in business and margins supported by new launches, and reach expansion, the brokerage said.&nbsp;<\/p><p><strong>Written by Anoushka Roy<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2860390494\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>ITC Limited saw its shares gain as much as 2.5 percent in the early hours of Thursday as the stocks reached an All-Time High of Rs 393.85. The conglomerate&#8217;s shares have gained approximately 17 percent in the past month.&nbsp; The scrip has been gaining after it posted its quarterly numbers. Their total revenue stood at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-91853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FMCG stock at all-time high; Brokerage sees more upside\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The scrip has been gaining after it posted its quarterly numbers. Their total revenue stood at Rs 19,616.08 Crore, up 4 percent Year on Year from Rs 18,787.72 Crore. The Company sustained strong growth momentum across all operating segments during the quarter.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FMCG stock at all-time high; Brokerage sees more upside\u00a0\" \/>\n<meta property=\"og:description\" content=\"The scrip has been gaining after it posted its quarterly numbers. Their total revenue stood at Rs 19,616.08 Crore, up 4 percent Year on Year from Rs 18,787.72 Crore. The Company sustained strong growth momentum across all operating segments during the quarter.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-23T08:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-23T09:08:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/\",\"url\":\"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/\",\"name\":\"FMCG stock at all-time high; Brokerage sees more upside\u00a0 - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg\",\"datePublished\":\"2023-02-23T08:15:00+00:00\",\"dateModified\":\"2023-02-23T09:08:59+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"The scrip has been gaining after it posted its quarterly numbers. Their total revenue stood at Rs 19,616.08 Crore, up 4 percent Year on Year from Rs 18,787.72 Crore. The Company sustained strong growth momentum across all operating segments during the quarter.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FMCG stock at all-time high; Brokerage sees more upside\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FMCG stock at all-time high; Brokerage sees more upside\u00a0 - Trade Brains Features","description":"The scrip has been gaining after it posted its quarterly numbers. Their total revenue stood at Rs 19,616.08 Crore, up 4 percent Year on Year from Rs 18,787.72 Crore. The Company sustained strong growth momentum across all operating segments during the quarter.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/","og_locale":"en_US","og_type":"article","og_title":"FMCG stock at all-time high; Brokerage sees more upside\u00a0","og_description":"The scrip has been gaining after it posted its quarterly numbers. Their total revenue stood at Rs 19,616.08 Crore, up 4 percent Year on Year from Rs 18,787.72 Crore. The Company sustained strong growth momentum across all operating segments during the quarter.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-02-23T08:15:00+00:00","article_modified_time":"2023-02-23T09:08:59+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_image":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/","url":"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/","name":"FMCG stock at all-time high; Brokerage sees more upside\u00a0 - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg","datePublished":"2023-02-23T08:15:00+00:00","dateModified":"2023-02-23T09:08:59+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"The scrip has been gaining after it posted its quarterly numbers. Their total revenue stood at Rs 19,616.08 Crore, up 4 percent Year on Year from Rs 18,787.72 Crore. The Company sustained strong growth momentum across all operating segments during the quarter.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/fmcg-at-all-time-high-brokerage-sees-more-upside\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"FMCG stock at all-time high; Brokerage sees more upside\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/91853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=91853"}],"version-history":[{"count":2,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/91853\/revisions"}],"predecessor-version":[{"id":91858,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/91853\/revisions\/91858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/13067"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=91853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=91853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=91853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}