ITC will hold its 'Institutional Investors and Financial Analysts Day' on Tuesday, 14th December, 2021 from 10.30 am
A news report by CNBC-TV18, citing sources, said that ITC is planning to finalise ‘next strategy’. The company may also look at integration across mega FMCG brands, the report added.
The stock market participants have also been expecting of the announcements or clarity related to the conglomerate's demerger of businesses.
ITC has a diversified presence across industries such as FMCG, hotels, packaging, paperboards, specialty papers and agribusiness. Shares of ITC have been somewhat of a dull performer amid the recent bull market rally. The scrip has remained in a rangebound trend and is up around just 6% this year as compared to a nearly 23% rise in benchmark Sensex.