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Umang Bhutada

3rd Aug · SEBI-Registered Analyst

$ITCHOTELS

ITC Hotels – Earnings Momentum Watch Important Levels: Support: ₹282 – ₹276 Resistance: ₹295 – ₹305 Structure: Strong bullish momentum after earnings Business: Diversified FMCG conglomerate with leadership in cigarettes, hotels, packaged foods, paperboards and agri-business. Strong cash-generating business with a diversified product portfolio. Earnings / Trigger: ITC gained nearly 4% after quarterly results, as investors welcomed strong cigarette volume growth despite a decline in reported profit. Verdict: 👉 Strong FMCG earnings candidate 👉 Watch for continuation of momentum above resistance

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