ITC announced its third quarters numbers. In an interview to CNBC-TV18, Himani Singh, Elara Capital says, the results are very robust on the bottom-line. “I think the stock should react positively,” he adds.
The ITC Q2FY12 numbers were inline with our expectations, said Himani Singh, equity research analyst at Elara Capital and Sanjay Manyal, research analyst at ICICI Direct. Singh feels that the company would surprise on the positive side for this financial year. Manyal stressed on being positive on the cigarette margins.
Reacting on the numbers, Himani Singh, FMCG Analyst at Elara Capital, in an interview with CNBC-TV18's Gautam Broker and Reema Tendulkar, said that company’s domestic consumer business has grown by 13.8% and the most positive trigger for the company is that its volume has been growing continuously.