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NSE Announcements on ITC
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MMB MessengerItc Ltd. has informed the Exchange regarding a press release issued by the Company with respect to the Unaudited Financial Results of the Company for the Quarter and Half-year ended September 30, 2009. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
book profits
Posted by : marketbearInvestors are adviced to take money off the table from ITC as stock can tumble with the market and lower level target can be around 225 level in short term. BOOK profits...
WWW.ASHOKSHARMA.CO.CC
Posted by :
sharelionbuy itc as earning upgrade expected from fiis target 280.visit the sire for more.........
sell at the current level
Posted by : sachin_01
I have bought 70 ITC @ of Rs. 199, should i hold or sell it off? plz reply
Sachin parmar...
yes sir truely we want the company to be no 1 ,its chairman to be loved and 1:1 bonus for 100 years celebrations.
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Thanks for all the information.If you happens to see ITCBPL profits right from 1979-80 till it mergered with ITC in 2001-02, it speaks of KLC.YCD infact saved ITCBPL from bankcrupcy by merging it in ITC.If you interact with any ITC employee, YCD is most respected than KLC.Let`s hope for good Bonus...
bonus
Posted by : NAUGHTY007tally bhai the book value is 36 and not 7 on 31.3.09 must have increased-cash flow and reserves outstanding -may get 1/1...
vkalluri ji
Only positive aspect of Mr. YCDeveswar is that he had good relations with the government and he was infact shifted from Air India due to other factors.
Mr Chugh who was vice chairman before becomng chairman at ITc was unparralled man in ItC grwoth history along with Mr huksar.
Mr chugh Mr. set up the ITC Bhadrachalam Paperboards Limited in the tribal area of Leading a young team, Mr. Chugh implemented this large project in record time with no cost over-runs. Mr. Chugh has authored Clonal Plantation Technology in Bhadrachalam - this has helped spur the rapid growth of the Indian paper industry. In 1989, During his stewardship, ITC became one of the India`s leading private sector corporations in turnover, profit, and market capitalization, the country`s largest exporter and a prestigious Super Star trading house. During Mr. Chugh`s tenure of four years as Chairman, ITC grew more than two fold in turnover and almost four times in profit. For two consecutive years ITC was India`s No.1 Company based on a number of criteria - growth, profit, return to shareholders and market capitalization. Mr. Chugh re-engineered ITC to grow as India`s leading multinational company. He was the first Indian CEO to talk about `Creating India`s Multinationals` and encouraging global competitiveness.
I perceive significant contribution to the shareholdrrs kitty by Mr Chugh than Mr YCDeveswar who can only amend it by giving 1:1 bonus in 2010.
regards
dhakak
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Look at your own posting from 1980 to 1991 and then from 1994 onwards for bonus then look at Topline growth and profits and diversifications under YCD (he is not datta) and earlier regime under ANHaksar/KLChugh .No doubt KLC fought with BAT and left (thrownout) with heafty package. YCD also know for turnaround of Air India before returned to ITC.For bonus, free reserves and capacity to service additional capital are factors, the present ITC under YCD has both. We can definitely look for 1:1 not less than that in this 100th year....
bonus
Posted by : r.k.kutty
Mr Yogeshwar has taken initiative for diversification of ITC into new FMCG business, aggressive expansion of hospitality industry,expansion of paper business into speciality paper,e-choupel initiative all of which will show tremendous wealth creation not only to the society at large but also for the shareholders.As per accounting principle, bonus share does not enhance shareholder wealth.The free reserves which even otherwise belong to the shareholders
are converted into equity capital by a journal entry.Beside sentimental value, it will increase floating shares which may increase the share price to some extent. ...
Mr Haksar and MrChugh are far ahead in being investor freindly than mr yogeshar dutta.TThe tradition of high bonus tradition was ample in thier time .Mr Dutta is more government freindly and loyal to the British tobocaco comany than being investor freindly.He never gave 1:1 bonus.He just split up 10 rs share to 2 rs.I disagree with your perceptions
regards
dhakak ...
Mr. KL Chugh era can not be compared with Mr. YCDeveswar. YCD always invertor friendly. In 2005, besides bonus we got stock split, a double dhamaka.I will not surprise the bonus at 5:3 but definite 1:1....
Freinds Itc had stupendous record of giving Bonus during the time of Mr Chugh.
1980 it was 1:5
1989 1:1
1991 3:5
1994 1:1
2005 1:2
Current book valueis about 36.Its 100 yeras celebrations.1:1 is expected in 2010 .
regards
dhakak...
Dear NAUGHTY, there is little correction to last three bonus years which are as follows:-
1991 3:5
1994 1:1
2005 1:2
Present book value is just little above Rs 7. Therefore I do not except bonus for some time....
