ITC regains positive zone after declaring good Q2 result

ITC rose 0.61% to Rs 240.20 at 14:42 IST on BSE after net profit rose 10.5% to Rs 2500.03 crore on 8.36% rise in total income to Rs 14091.96 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during market hours today, 26 October 2016.

Meanwhile, the S&P BSE Sensex was down 285.02 points or 1.01% at 27,806.40

On BSE, so far 18.62 lakh shares were traded in the counter as against average daily volume of 9.93 lakh shares in the past one quarter. The stock was volatile. The stock hit a high of Rs 242.25 and a low of Rs 233.60 so far during the day. The stock had hit a 52-week high of Rs 266 on 8 September 2016. The stock had hit a 52-week low of Rs 178.67 on 29 February 2016. The stock had underperformed the market over the past 30 days till 25 October 2016, sliding 3.81% compared with 0.72% decline in the Sensex. The scrip also underperformed the market in past one quarter, falling 3.63% as against Sensex's 0.24% rise.

The large-cap company has equity capital of Rs 1211.51 crore. Face value per share is Re 1.

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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