{
  "id": 18083177,
  "title": "ITC shares jump 6% in two days after Q2 results. More upside ahead?",
  "url": "https://urgent.news/2026/11/04/itc-shares-jump-6-in-two-days-after-q2-results-more-upside-ahead",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T06:05:56.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/itc-shares-jump-6-in-two-days-after-q2-results-more-upside-ahead/articleshow/135526058.cms"
  },
  "original_language": "en",
  "account": "ITC shares experienced a significant jump of 6% over two days following the release of its Q2 results for the fiscal year 2027. The stock, which had previously hit a 52-week low in late October, is now trading at Rs 283.5 per share on the NSE, marking the highest level in nearly three months. The company reported a nearly 19% year-on-year decline in consolidated net profit, reaching Rs 4,229 crore, while net revenue grew by around 5% YoY to Rs 20,454 crore. The cigarette business, which accounts for the majority of earnings, saw a significant decline in profit, down more than 27% to Rs 3,813 crore, as a result of the tax increase. However, the non-cigarette FMCG segment delivered its strongest revenue growth in 14 quarters, supported by higher sales in packaged foods, personal care, and stationery products. International brokerages like Nuvama and Jefferies have maintained a 'Buy' rating on ITC shares, with target prices of Rs 310 and Rs 350 per share, respectively, indicating more upside potential for the stock.",
  "summary": "ITC shares rose to Rs 283.5 apiece on NSE on Wednesday morning, the highest level seen by the stock in nearly three months. The stock has now recovered more than 12% in five sessions after hitting a 52-week low of Rs 253 apiece in late October.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}