Stocks of cigarette major ITC advanced today on sustained buying support, especially from FIIs, after the company posted impressive results.
The scrip ended 1.13 per cent higher at Rs 696.40 on the BSE, where up to 2.29 lakh shares of the company changed hands.
In the last two sessions after the announcement of its results, the ITC stock has risen 3.55 per cent from Rs 677.40 on May 23, 2003. Earlier, the stock had gained 16.5 per cent from Rs 602 on March 25, 2003.
The strong support for the ITC scrip, especially from foreign institutional investors (FIIs), is attributed to the company