ITC extends Thursday's gains

Meanwhile, the S&P BSE Sensex was up 83.50 points or 0.43% at 19,494.34.

On BSE, 3.81 lakh shares were traded in the counter as against average daily volume of 5.41 lakh shares in the past one quarter.

The stock hit a high of Rs 345 and a low of Rs 340.50 so far during the day. The stock had hit a record high of Rs 355.75 on 30 May 2013. The stock had hit a 52-week low of Rs 244.60 on 4 July 2012.

The stock had outperformed the market over the past one month till 4 July 2013, rising 0.31% compared with the Sensex's 0.69% fall. The scrip had also outperformed the market in past one quarter, jumping 12.91% as against Sensex's 4.87% rise.

India's largest cigarette maker by sales has equity capital of Rs 790.18 crore. Face value per share is Re 1.

Shares of ITC have risen 4.81% in two trading sessions from Rs 326.30 on 3 July 2013, on reports that the company has raised the price of its Gold Flake Regular Filter cigarettes from Rs 55 to Rs 58 for a pack of 10 cigarettes. The stock had risen 3.73% to settle at Rs 338.50 on Thursday, 4 July 2013.

ITC's net profit rose 19.4% to Rs 1927.98 crore on 19.2% growth in net sales to Rs 8180.30 crore in Q4 March 2013 over Q4 March 2012.

ITC has a diversified presence in cigarettes, hotels, paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, information technology, branded apparel, personal care, stationery and other FMCG products. ITC is a market leader in cigarettes.

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