{
  "id": 73173,
  "title": "ITC shares bounce back as analysts back volume resilience despite cigarette earnings hit",
  "url": "https://urgent.news/2026/08/03/itc-shares-bounce-back-as-analysts-back-volume-resilience-despite",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T06:04:17.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/itc-shares-bounce-back-as-analysts-back-volume-resilience-despite-cigarette-earnings-hit/article71300033.ece"
  },
  "original_language": "en",
  "account": null,
  "summary": "ITC Ltd's shares have rebounded on Monday, opening higher and trading around ₹288.65 on the NSE, up 2.72 per cent from Friday’s close of ₹281. The stock saw significant trading volume, with over 3 crore shares changing hands by mid-morning, despite elevated sell-side pressure. Analyst notes over the weekend, including upgrades from Nomura and Jefferies to Buy with target prices of ₹340 and ₹350 respectively, have contributed to the buying interest. Despite a steep Q1 earnings miss due to a major tax hike, which negatively impacted cigarette earnings, ITC's FMCG non-cigarette business grew revenues 12 per cent year-on-year, and the paper segment posted a 38 per cent rise in EBIT.",
  "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."
}