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Posted by :
NAUGHTY007itc is reported to benefit from gst-will have lower tax outgo as per coy-may inc exposure to eihotels-buy on dips to 255-target 290 by jan...
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Posted by :
rohitjust4uSell ITC target 230....
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Posted by : NAUGHTY007
the stock at all time high
bonus due?...
NSE Announcements on ITC
Posted by : MMB MessengerItc Ltd. has informed the Exchange that the Company on November 18, 2009 has issued and allotted 42,47,980 Ordinary Shares of Re.1/- each, upon exercise of 4,24,798 Options by Optionees under the Companys Employee Stock Option Schemes. Consequently, with effect from November 18, 2009, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 378,79,21,580/- divided into 378,79,21,580 Ordinary Shares of Re.1/- each....
Buy ITC
Posted by : insight95in
• ITC (Rs. 259)
Buy on a move above 261 with a closing stop loss below 252 for a short-term target of 277 and 300....
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Posted by : NAUGHTY007keep on writing naveen bhai-we only learn from each other ideas and thoughts-...
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Posted by : NAUGHTY007naveen bhai 190 was at 8000 sensex-i am holding since 155 levels...
"RATE MY MESSAGES BELOW"*
Posted by :
naveen999;-)PLEASE READ MY MSG BELOW "RATE ME" SO I CAN FEEL GOOD TO WRITE FUTURE MSGS...
buy buy buy!!! target seem like 280`s in short span!!!!!!!!!!!
Posted by : naveen999STILL WE ARE LONG ;-)NO PROBLEM! THIS WILL BE THE FINAL CORRECTION BEFORE CROSSING 262.8! EVEN AT 191 LEVELS "ITC STRUGGLED SAME AS NOW! BUT ONCE IT CROSSES 205 LEVELS IT JUMPED TO 225 TO 230 LEVELS ACTUALLY AFTER CROSSING IT DIDNOT CAME BACK TO 190 OR 200 OR 210..SO BE LONG , STRONG SUPPORT AT 240,248.5 DIFFICULT TO BREAK THIS LEVALS STRONG RESISTANCE ABOVE 262.8 TARGET 288! once u guys feel good about my message rate me* ;-)...
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Posted by : NAUGHTY007what happened shareking- i think we will c levels around 252-53 tomm...
ITC
Posted by :
shareking.co.inLast close 259.35 Call your broker at 09:55 am and place buy order for ITC … Big short covering by ??? Our non stop target Rs.264 intraday … Crossover will take stock to Rs.269… Above this stock can explode to any price levels … Rs.275 or even Rs.286 in coming few trading itself …Stoploss Rs.255….so just grab this stock at the opening bell … Do not miss …!!! Shareking Research visit shareking.co.cc Your Investment. Our Commitment. 10% per MONTH is just a click away...100% Assured Disclaimer : Tips given here does not guarantee profits. FOr guaranteed profits, please visit shareking.co.cc...
Buy ITC
Posted by : insight95in
ITC
Buy
Price: Rs259 Target Price (Dec-10): Rs300
GST not a major worry; most other segments in a sweet-spot
We re-iterate ITC as our top pick in consumer sector; ITC’s cigarettes
story is our favourite Indian consumer theme as it remains largely
insulated from most of the worries that could plague other names in
the sector, viz. consumption wind-down, competitive intensity & cost
spike. One likely positive from the recently released GST (Goods &
Services Tax) discussion paper is the elimination of non-uniform statetaxes
on cigarettes, which are currently decided by each states
individually – distorting the concept of the ‘Indian Common Market’.
The paper proposes to include tobacco in GST net & also allows centre
to levy excise over & above GST. As per our estimates, a combined
20%-GST rate (likely a worst-case scenario) plus 5% excise hike in
F11E entail a maximum cigarettes price hike of c.10% to enable ITC to
fully offset the entire additional tax burden. Buy.
* What does the GST document say? Tobacco products would be
subjected to GST with input tax credit. Centre may be allowed to levy
excise duty on tobacco products over and above GST without input tax
credit. GST will, inter-alia, subsume excise, VAT, luxury tax, entry tax not
in lieu of octroi. We estimate that non-VAT state taxes currently comprise
c.1-2% of ITC’s cigarettes turnover. The Empowered Committee suggested
a two-rate GST structure: a lower one for necessary items & goods of
basic importance and another standard rate for general goods.
* What are the implications? The uncertainty at present relates to the
rate which will finally be applicable. We examine three scenarios: 12.5%
(prevailing VAT rate), 15% & 20%. It is likely that combined centre plus
state GST rates will be higher than present VAT rate of 12.5% as it also
subsumes excise duty for all other products. Assuming the rate finally
settles at 15%-20%, we believe that a 3-7% price hike will help offset the
entire additional burden in respective scenarios. In the event of a 5%
excise hike next year, ITC will need to take up prices by 5-10% to fully
offset both the additional excise & GST burden. We believe that with ITC’s
cigarettes business now operating entirely in higher-end filter space,
volume can still grow in F11E even with a 5-10% price hike, especially
since pricing environment in F10 has been reasonably moderate.
* How do the other businesses stack up? A key positive from ITC’s
recent 2QF10 performance was that growth from diversification ventures
(non-cigarettes segments) has outpaced cigarettes growth, despite 50%-
plus decline in hotels profits. Even after adjusting for likely seasonality in
agri-profits, non-cigarettes segments’ profits grew c.50% YoY (reported
growth: 103%) as FMCG losses fell 27%YoY to Rs850mn. All businesses
(except hotels) are in a sweet-spot as ITC derives benefit from backward
integration (paperboards), portfolio restructuring (agri) & carefully crafted
cost strategies (FMCG-Others’ losses reduction is a result of packaging &
logistics-led cost savings rather than mere oil-price led benefits). Hotels
witnessing initial recovery signal which is expected to gain pace in 2HF10....
