​​​
  1. ITC share price falls; Nomura downgrades to ‘neutral’

ITC share price falls; Nomura downgrades to ‘neutral’

Shares in India's ITC Ltd falls 0.6 pct...

By: | Mumbai | Published: January 29, 2015 12:53 PM

Shares in India’s ITC Ltd falls 0.6 pct.

Nomura Securities downgrades stock to “neutral” from “buy”; cuts price target to 372 rupees from 392 rupees.

Company’s cigarette business is now entering a period of much lower growth than in the past decade, says Nomura.

Tougher regulatory environment means there will continue to be negative news flow around the stock over the next few quarters, Nomura says.

Nomura says cigarette business growth is more likely to be 10 pct vs 17 pct average in past decade.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top