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Analysts say 'buy' ITC; see strong earnings growth in FY12

Several brokerages maintained their 'buy' ratings on ITC saying the cigarettes to hotels major is expected to post robust earnings in 2011-12 (April-March) led by strong growth in cigarette volumes.

May 23, 2011 / 03:26 PM IST
 
 
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Moneycontrol bureau


Several brokerages maintained their "buy" ratings on ITC saying the cigarettes to hotels major is expected to post robust earnings in 2011-12 (April-March) led by strong growth in cigarette volumes.

No hike in excise duty in cigarettes in this year's union budget, and recent price hikes will also aid profit growth at ITC

first published: May 23, 2011 11:35 am