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For Wednesday, share market analysts from Religare Broking have assigned 'Buy' calls on Tata Motors, Sun Pharmaceutical Industries and ITC. Check share price targets, analysis, investment rationale and other crucial details about these technical bets.
ITC shares gained over 1 per cent in early trade and were trading 0.4 per cent higher at Rs 451.05 apiece at 11:30 am. Here's what brokerages said about the company's Q1 performance.
ITC share price: ITC share price gained nearly 1% to touch an intraday high of Rs 457.40 on NSE today (August 16) after the company reported its Q1 results and approved the demerger of its hotels business. So far this year, ITC shares have rallied more than 36%, delivering multibagger returns. Watch this Visual Story to see whether you should buy the stock for more gains.
ITC said the scheme involves demerger of the demerged undertaking comprising the Hotels business of the demerged company into the resulting company on a going concern basis and in consideration.
ITC News: Nuvama Institutional Equities highlighted key points from ITC analyst call after hotel division demerger, stating it creates value for shareholders.