ITC gains after Q4 results

ITC rose 0.64% to Rs 347 at 13:58 IST on BSE after net profit rose 18.16% to Rs 2278.01 crore on 11.88% increase in total income from operations to Rs 9238.52 crore in Q4 March 2014 over Q4 March 2013.

The result was announced during trading hours today, 23 May 2014.

Meanwhile, the BSE Sensex was up 150.15 points, or 0.62%, to 24,524.55.

On BSE, so far 5.23 lakh shares were traded in the counter, compared with an average volume of 5.21 lakh shares in the past one quarter.

The stock hit a high of Rs 349.30 and a low of Rs 343.80 so far during the day. The stock hit a record high of Rs 386.75 on 16 May 2014. The stock hit a 52-week low of Rs 285.40 on 28 August 2013.

The stock had underperformed the market over the past one month till 22 May 2014, sliding 1.68% compared with 7.10% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 8.60% as against Sensex's 17.75% rise.

The large-cap company has an equity capital of Rs 795.32 crore. Face value per share is Re 1.

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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