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Published On: Wednesday, October 27, 2021 | By: Team KnowMyStock
ITC, on the other hand, was trading 0.4 per cent up ahead of its Q2 results later today. According to analysts, a swift recovery in cigarette volumes and other discretionary business may aid September quarter earnings of FMCG major ITC. This, along with a sharp rebound in the hospitality segment on the back of normalization of out-of-home activities and vacation season, may further support profitability.
In the broader markets, the BSE MidCap and SmallCap indices gained 0.39 per cent and 0.41 per cent, respectively.Sectorally, the Nifty Pharma index was the best performer, up over 1 per cent, while the Nifty Media index was the top laggard, down 1 per cent.
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