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Stock Analysis, IPO, Mutual Funds, Bonds & More

ITC Ltd.

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ITC acquired 100 equity shares of Rs 10 each and 1864 compulsorily convertible preference shares of Rs 10 each.

ITC Announcement under Regulation 30 (LODR)-Updates on Acquisition

| Announcement

Acquisition of shares of Delectable Technologies Private Limited Further to our letter dated 13th November, 2019, we write to advise, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular dated 9th September, 2015, that the Company has acquired, in the first tranche, 100 Equity Shares of Rs. 10/- each and 1864 Compulsorily Convertible Preference Shares of Rs. 10/- each of Delectable Technologies Private Limited, representing 11.15% of its share capital on a fully diluted basis.

ITC Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

| Announcement

We write to advise, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Companys representative(s) will be attending the Annual Consumer Investor Conference organised by HDFC Securities Limited on 9th December, 2019 in Mumbai.

ITC Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

| Announcement

Details of Dematerialisation of Shares effected in November 2019 pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The Company was not require to effect rematerialisation of shares during November 2019.

Paper exports in last 3 years has grown from 660,000 tons to 15,00,000 ton from India. The Indian paper industry is likely to grow at the rate of 12% per annum for next 5 years and the overall paper consumption is projected to increase to 24 million tons in 2024-25 from 15 million tons currently. Paperex 2019 is being held in new Delhi from Dec 6-9.

One will have to be very selective in terms of individual stocks selection from current levels.

The IT sector is likely to continue its underperformance in the near term.

The Nifty FMCG index was trading 0.38 per cent down at 30,971.05.

ITC Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

| Announcement

We write to advise, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Companys representative(s) will be attending the Morgan Stanley 18th Annual Asia Pacific Summit on 20th & 21st November, 2019 in Singapore.

A common link among the companies bought by managers in October is their size.

ITC Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

| Announcement

Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed details of the Share Certificates for 990 shares of Re.1/- each of the Company which have been intimated as lost by the Shareholders on 12th November, 2019 and 13th November, 2019.

Buy ITC Ltd. at a price target of Rs 260.0 and a stoploss at Rs 250 from entry point.

TCS is a 'Buy' call with a target price of Rs 2210 and a stop loss of Rs 2150.

The Kolkata-based conglomerate said this will strengthen presence of ITC's FMCG products in the emerging distribution channel of vending machines. ITC has said it will complete the acquisition within 12 months in an all-cash deal. The size of the deal is Rs 7.5 crore which will be paid in four tranches over a period of 12 months.

ITC Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

| Announcement

Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a statement providing details of Duplicate Share Certificates issued by the Company on 12th November, 2019.

ITC Announcement under Regulation 30 (LODR)-Acquisition

| Announcement

We write to advise, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), that the Company has entered into Share Subscription Agreement and Shareholders Agreement to acquire up to 33.42% of the share capital of Delectable Technologies Private Limited, subject to completion of agreed conditions precedent and milestones. Brief details of the aforesaid acquisition, as required under Regulation 30 of the Listing Regulations read with the SEBI Circular dated 9th September, 2015, are given in the Annexure.

The Nifty FMCG index was trading flat at 31,814.30 around 10:42 am.

ITC Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

| Announcement

We write to advise, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Companys representative(s) will be attending the following Investor Conferences: (a) UBS India Conference 2019 organised by UBS Securities India Private Limited and Macquaries Tenth Annual India Conference organised by Macquarie Capital Securities (India) Private Limited on 14th November, 2019 in Mumbai, and (b) 22nd CLSA India Forum organised by CLSA India Private Limited on 15th November, 2019 in Gurugram.

ITC is one of the biggest beneficiaries of the corporate tax cut, according to analysts.

ITC Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

| Announcement

Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed details of the Share Certificates in respect of 58560 Ordinary Shares of `1/- each of the Company which have been reported lost by the Shareholders on 7th November, 2019. The copies of the letters received from the Shareholders regarding loss of the aforesaid Share Certificates are also enclosed.

The Nifty FMCG index was trading 1.23 per cent down at 32,135.30 around 10:37 am.

Buy ITC Ltd. at a price target of Rs 272.0 and a stoploss at Rs 261 from entry point.

Sun Pharma is a 'Buy' call with a target price of Rs 450 and a stop loss of Rs 433.

The Nifty FMCG index was trading 0.27 per cent up at 32,481.95 around 10:53 am.

ITC Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

| Announcement

Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed details of the Share Certificates in respect of 33390 Ordinary Shares of <1/- each of the Company which have been reported lost by the Shareholder on 4th November, 2019. A copy of the letter received from the Shareholder regarding loss of the aforesaid Share Certificates is also enclosed.

The Nifty FMCG index was trading 0.21 per cent down at 32,292.30 around 10:35 am.

As the stock markets rose and fell over the past one year, mutual fund managers focused their attention on the quality stocks. In the sixth edition of ET Wealth's most wanted stocks, we look at seven scrips mutual fund managers were most bullish on.

As the stock markets rose and fell over the past one year, mutual fund managers focused their attention on the quality stocks. In the sixth edition of ET Wealth's most wanted stocks, we look at seven scrips mutual fund managers were most bullish on.

From inhouse organic gardens, strict farm-to-fork policies and consumer awareness and education initiatives to menus built around local, seasonal produce and reducing food loss and wastage, some leading eateries have stepped up their commitment to sustainability, in the process changing the way well-heeled urban Indians dine out.

ITC Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

| Announcement

Details of Dematerialisation and Rematerialisation of Shares effected in October 2019 pursuant to Regulation 74(5) of SEBI (Depositories and Participants)Regulations, 2018.

ITC Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

| Announcement

Further, please note original Share Certificates for 480shares of face value Re 1/- each issued in 2010 (Bonus) and 2016 (Bonus) are retained in records of the Company on intimation of death of the registerd holder.

ITC Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

| Announcement

We write to advise, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Companys representative(s) will be attending the non-deal roadshow organised by Macquarie Capital Securities (India) Private Limited between 4th to 8th November, 2019 in U.S.A. and Canada.

Buy ITC Ltd. at a price target of Rs 280.0 and a stoploss at Rs 248 from entry point.

ITC Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

| Announcement

Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed details of the Share Certificates in respect of 4290 Ordinary Shares of `1/- each of the Company which have been reported lost by the Shareholders on 29th October, 2019. The copies of the letters received from the Shareholders regarding loss of the aforesaid Share Certificates are also enclosed.

ITC Related Party Transactions

| Announcement

We enclose, in terms of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, statement on related party transactions of the Company for the half year ended 30th September, 2019, in the required format.

The Nifty FMCG index was trading 0.49 per cent up at 32,108.60 around 10:41 am.

A few brokerages projected RIL to become a $200-220 billion entity in next 4-5 years.

ITC Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

| Announcement

Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a statement providing details of Duplicate Share Certificates issued by the Company on 24th October, 2019.

ITC ITC Employee Stock Option Schemes - Grant Of Options

| Announcement

We write to advise that the Nomination & Compensation Committee of the Company granted 4,60,950 Options on 24th October, 2019 to the eligible employees and the Directors of the Company under the ITC Employee Stock Option Scheme - 2010, as detailed below: Number of Options granted: 4,60,950 Options, where one Option represents 10 Ordinary Shares of Re. 1/- each. Number of Ordinary Shares covered under the Options granted: 46,09,500 Ordinary Shares of Re. 1/- each. Vesting Period: To commence after a period of one year from the date of grant of Options and to extend up to three years from the date of grant. Exercise Period: To commence from the date of vesting of Options and end with the expiry of five years from the date of vesting. Exercise Price: Rs. 2,510.50 per Option, based on the Market Price as defined under the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014.

The net profit exceeded analyst forecasts of Rs 3,640-3,670 crore, while revenue met estimates.

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