ITC hits 2-1/2-month low

ITC was down 2.29% to Rs 313.75 at 14:11 IST on BSE after hitting a two-and-a-half-month low in intraday today, 21 November 2013.

Meanwhile, the BSE Sensex was down 316.98 points, or 1.54%, to 20,318.15.

On BSE, 2.90 lakh shares were traded in the counter compared with average volume of 6.11 lakh shares in the past one quarter.

The stock hit a low of Rs 311.15 so far during the day, which is its lowest level since 6 September 2013. The stock hit a high of Rs 320.25 so far during the day. The stock hit a record high of Rs 380 on 24 July 2013. The stock hit a 52-week low of Rs 272.20 on 11 January 2013.

The stock had underperformed the market over the past one month till 20 November 2013, sliding 9.34% compared with the Sensex's 1.19% fall. The scrip had also underperformed the market in past one quarter, rising 1.78% as against Sensex's 13.09% rise.

The large-cap company has an equity capital of Rs 792.65 crore. Face value per share is Re 1.

Net profit of ITC rose 21.46% to Rs 2230.53 crore on 8.81% rise in net sales to Rs 7775.79 crore in Q2 September 2013 over Q2 September 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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