ITC gains after bulk deal

ITC rose 0.87% to Rs 317.30 at 11:14 IST on BSE after a bulk deal of 7.39 lakh shares was executed on the scrip at Rs 316.50 per share at 09:33 IST on BSE today, 24 June 2015.

Meanwhile, the S&P BSE Sensex was up 77.19 points or 0.28% at 27,878.55

Bulk deal boosted volume on the scrip. On BSE, so far 8.24 lakh shares were traded in the counter as against average daily volume of 6.23 lakh shares in the past one quarter.

The stock hit a high of Rs 318 and a low of Rs 313 so far during the day. The stock had hit a record high of Rs 409.70 on 28 February 2015. The stock had hit a 52-week low of Rs 294.50 on 15 June 2015.

The large-cap stock had underperformed the market over the past one month till 23 June 2015, falling 4.23% compared with 0.55% fall in the Sensex. The scrip also underperformed the market in past one quarter, sliding 3.81% as against Sensex's 1.38% fall.

India's largest cigarettes maker by sales has equity capital of Rs 801.55 crore. Face value per share is Re 1.

ITC's net profit rose 3.7% to Rs 2361.18 crore on 0.5% growth in net sales to Rs 9188.25 crore in Q4 March 2015 over Q4 March 2014.

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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