Manchester, Sep 16 (IANS) Australian fast bowler Mitchell Starc on Wednesday gave England's Adil Rashid a warning for stepping out of his crease before he bowled the ball at the non-striker's end during the third ODI between the two sides at Old Trafford. Rashid was left with a wry smile as Starc sportingly didn't run him out via 'Mankadad', as this type of dismissal is known.
The incident happened at the end of what turned out to be a rather disappointing day for Starc after he started the match with consecutive wickets off the first two balls of the opening over. He took one more wicket later but conceded 74 runs as England scored 302/7 after winning the toss.
The 30-year-old bowler bowled the penultimate over of the England innings and as he ran in to bowl the fifth ball, but ended up running past the stump line with his hand pointed towards the crease. Rashid was well outside the line by then and walked back with a wry smile on his face.
The 'Mankading' debate has been raging in recent days due to the impending start of the Indian Premier League (IPL) and Delhi Capitals spinner Ravichandran Ashwin's views on it. Former Australia captain Ricky Ponting, who worked with Starc and the rest of the team during the 2019 World Cup and is currently head coach of Delhi Capitals, said that while he still didn't support 'Mankading', he agreeed that the batsmen were essentially cheating by backing up outside the crease before a ball is bowled. He said there should be a deterrent against it.
"I think something has to happen with the laws of the game to make sure batsmen can't cheat and there certainly shouldn't be the rule the way it is. I think if you bring in some sort of run penalty for the batsman if they're deliberately leaving their crease and pinching ground that might be the way to go about it," Ponting told Cricket.com.au
New Delhi, Sep 28 (IANS) Investment experts have projected a positive turnaround for the ITC stock with 41 out of 43 analysts on Bloomberg giving a "buy" or "Hold" call for the stock.
As per JM Financial, the addressable opportunity for ITC is still $ 22 billion - larger than even HUL's 'size of markets' and more than three times that of Nestle India's.
ITC in FY30 could clock an FMCG EBITDA that is higher than the combined FY20 EBITDA of Nestle India, Britannia, Tata Consumer, JM Financial said.
It said that ITC's FMCG segment is possibly one of the most under-appreciated businesses in the Indian consumer space in recent times.
"We suspect the market may not have taken a holistic look yet; our understanding of Indian consumer categories tells us that ITC FMCG today addresses market opportunities that are Rs 2.1 trillion ($ 28 billion) in size in aggregate. Even if one excludes a couple of nascent Dairy products from the portfolio, the addressable opportunity for ITC is still $ 22 billion - larger than even HUL's 'size of markets' and more than three times that of Nestle India's," it added.
"Profitability is low at present, but we reckon that with investment-phase largely done (though some new categories are still in incubation stages), profits and cash-generation would get much bigger here onwards," the report said.
As per Centrum Broking, "In our deep dive analysis into ITC's foods business we conclude that it is at the cusp of a take-off both in terms of top-line and margins."
"ITC is emerging as a foods company, more comparable to Nestle than HUL. Branded packed food consistently gaining saliency given the management focus (saliency increased from 71 per cent of other FMCG in FY14 to 81 per cent in FY20)," it added.
It is the only company which has successful brands from staples (Aashirvaad) to RTC and RTE (Sunfeast, Bingo, Yippee etc.).
ITC has made consistent investments in brand building over the past decade helping create brands across the branded packed food categories from staples a and dairy to RTC and RTE. Aashirvaad, Sunfeast, Bingo and Yippee now account for Rs 60 billion, 40 billion, 27 billion and 13 billion in consumer spend terms.
As per BNP Paribas, there is a faster than expected recovery in ITC's cigarette business. The catalyst for ITC is a faster than expected recovery in cigarette volumes and higher than expected margin expansion in the FMCG business.
As per B&K Securities, a turnaround in cigarette volumes is expected from September onwards. "We believe the gradual lifting of start/stop lockdowns in most states, opening up of bars/clubs in some states and more attendance in offices due to lesser fears from Covid-19 will lead to the marginal smoker slowly coming back. Given the fact that 30 per cent of the smokers' user base comprises of non-regular smokers who have been impacted by the start/stop lockdowns, we feel the industry figures will start looking up from September 2020," it added.