Investors would expect some clarity on value unlock across its businesses especially hotel, tech, FMCG, agriculture and paper," said Edelweiss Securities senior vice president Abneesh Roy.Īn industry executive said ITC management may share detailed plans on newer focus areas such as category expansion in FMCG, investment into direct to consumer start-ups, 'asset-right' strategy in hotels which involves more focus on managing properties rather than investing behind newer ones and the deals pipeline, and how ITC aims to grow other businesses to further reduce dependence on cigarettes. "ITC's investor meet is a positive step for increasing transparency and disclosure levels. ITC's share price moved up from ₹224.95 on Thursday morning to ₹235.95 on Friday's closing on the BSE. Since Thursday, when ITC announced its plans to have the investor meet, its share price has risen.
In response to a query, an ITC spokesperson said the institutional investors and financial analysts day is being organised to interact with analysts and financial institutions on the company's overall strategies with a special focus on FMCG.
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