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ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?

Source: Economic Times · Nov 03, 2026 04:05 UTC

The Quick Take

ITC shares gained 2% despite an 18.5% year-on-year decline in Q2 net profit, as higher taxes and falling cigarette earnings weighed on profitability. However, its FMCG business delivered strong growth. Jefferies, Nuvama, Emkay and DAM Capital remain positive on the stock, with target prices ranging from Rs 300 to Rs 355.

Read the full story at Economic Times →

Ground Level News aggregates headlines from public feeds. This page shows a short summary only; the full article and all rights belong to Economic Times.

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