ITC slips after bulk deal

ITC fell 0.81% to Rs 251.70 at 11:19 IST on BSE after a bulk deal of 8 lakh shares was executed on the scrip at Rs 252.10 per share in early trade on BSE.

Meanwhile, the S&P BSE Sensex was down 9.49 points, or 0.03%, to 27,772.76

Bulk deal boosted volume on the scrip. On BSE, so far 12.41 lakh shares were traded in the counter, compared with average daily volume of 8.69 lakh shares in the past one quarter. The stock hit a high of Rs 254 and a low of Rs 251 so far during the day. The stock hit a 52-week high of Rs 262 on 2 August 2016. The stock hit a 52-week low of Rs 178.67 on 29 February 2016. The stock had outperformed the market over the past 30 days till 26 August 2016, falling 0.06% compared with Sensex's 1.51% fall. The scrip also outperformed the market in past one quarter, gaining 5.89% as against Sensex's 4.23% rise.

The large-cap company has an equity capital of Rs 1209.96 crore. Face value per share is Re 1.

ITC's after net profit rose 10.09% to Rs 2384.67 crore on 10.07% increase in total income to Rs 10474.56 crore in Q1 June 2016 over Q1 June 2015.

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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