ITC hits record high

ITC rose 3.27% to Rs 309.50 at 15:11 IST on BSE after net profit rose 12.13% to Rs 2669.47 crore on 6.2% growth in total income to Rs 15410.92 crore in Q4 March 2017 over Q4 March 2016.

The result was announced during market hours today, 26 May 2017.

Meanwhile, the S&P BSE Sensex was up 286.83 points or 0.93% at 31,036.86.

On the BSE, 22.07 lakh shares were traded on the counter so far as against the average daily volumes of 11.54 lakh shares in the past one quarter. The stock had hit a high of Rs 313.40 so far during the day, which is a record high. The stock hit a low of Rs 300 so far during the day. The stock had hit a 52-week low of Rs 222.05 on 26 December 2016.

The stock had outperformed the market over the past one month till 25 May 2017, advancing 6.58% compared with the Sensex's 2.69% rise. The scrip had also outperformed the market over the past one quarter, gaining 12.8% as against the Sensex's 6.43% rise.

The large-cap company has equity capital of Rs 1214.74. Face value per share is Rs 1.

ITC's board recommended a dividend of Rs 4.75 per share for the year ended March 2017.

ITC is a diversified company, with 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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