Highlights:

1. Key Buyers: Major buyers of ITC shares included ICICI Prudential Mutual Fund, the Government of Singapore, and Capital Group.
2. Transaction Value: The block deals amounted to nearly Rs 17,500 crore.
3. Share Price Impact: ITC shares closed at Rs 422.40, a 4.49% increase after the deals.
4. Analysts’ View: Positive outlook due to ITC’s strong brand and potential for FMCG volume growth.

Lowlights:

1. Concentration Risk: High volume of shares being traded might indicate significant offloading by certain entities, potentially hinting at some investors reducing their exposure.

Refer to the full article – (Who are buyers of ITC shares in nearly Rs 17,500 crore block deals? – BusinessToday).

12 month date: 6/9/2023
6 month date: 12/8/2023

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JAIBALAJI
COCHINSHIP
ANANDRATHI
HUDCO
POWERINDIA
JWL
SOBHA
SCHNEIDER
MOTILALOFS
EXIDEIND
KPIL
BLUESTARCO
APARINDS
NBCC
SIGNATURE
GODFRYPHLP
BRIGADE
GPIL
EIHOTEL
SWSOLAR
HINDCOPPER

A-Z ORDER

ANANDRATHI
APARINDS
BLUESTARCO
BRIGADE
COCHINSHIP
EIHOTEL
EXIDEIND
GODFRYPHLP
GPIL
HUDCO
JAIBALAJI
JWL
KPIL
MOTILALOFS
NBCC
POWERINDIA
SCHNEIDER
SIGNATURE
SOBHA
SWSOLAR

I don’t understand why, but my list always differs from you @Anand_Jain
There are 4 difference i can see that are in my list and not yours.

@visuarchie waiting for your list as well.

Yes but looking at the future prospects , sustainability is the way of life , the company will do well and the equity dilution is temporary. But when the factory in Guatemala comes in stream in mid 2025 we can see a remarkable improvement in performance. Till then the business offers a chance to buy imho.

Any comments from experts are welcome

Dicl: Invested and slowly accumulating

Some recovery from Sharda cropchem, margins were much better and they are seeing good volume recovery. FY25 likely to be a decent growth year with mostly volume driving growth and hopefully in FY26/27 things improve more significantly. Concall notes below.

FY24Q4

• FY24 inventory hit: 91 cr. (no additional provisions in Q4)

• No sales return seen so far in FY25, seeing recovery happening and hoping for price increase as well. Hope channel and producer level inventory to come back to normal by September 2024

• Expect 12-15% revenue growth and 15-18% EBITDA margins in FY25

• Q4 growth breakup: (-11.5)%; volume 25% (28% in agchem + 42% in non-agchem), price & product mix: (-)40%, currency exchange +3.2%

• Q4 agchem volume (28% growth): EU 24.4%, LATAM (-)23%, NAFTA 52.5%, ROW: 12%

• Q4 gross margin breakup: EU (36%), NAFTA (31%), LATAM (36%), ROW (36%)

• FY24 growth breakup: (-)22%; volume 4%, price & product mix: (-)29%, currency exchange +4%

• Registrations/pipeline as on March 2024: EU: 1617/680, LATAM: 456/204, NAFTA: 300/125, ROW: 246/90

• FY24 intangible write-off: 35 cr.

• Freight rates have increased again but customers have absorbed it, higher freight rates have impacted non-agchem segment

• Receivable days will reduce in FY25

• FY24 capex: 420 cr. (expect 400-450 cr. capex in FY25)

Disclosure: Invested (position size here, no transactions in last-30 days)