📰 ET Markets 🟢 BULLISH 🕒 03 Nov 2026, 09:35 AM IST

ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?

⚡ Instant Key Takeaways (TL;DR)

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Core Development: ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?

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Market & Financial Impact: ITC shares gained 2% despite an 18.5% year-on-year decline in Q2 net profit, as higher taxes and falling cigarette earnings weighed on profitability. However, its FMCG business delivered strong growth. Jefferies, Nuvama, Emkay and DAM Capital remain positive on the stock, with target prices ranging from Rs 300 to Rs 355.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?

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