ITC slips after bulk deal

ITC fell 1.37% to Rs 244.10 at 15:19 IST on BSE after a bulk deal of 2 lakh shares was executed on the scrip at Rs 245 per share at 09:58 IST on BSE.

Meanwhile, the S&P BSE Sensex was up 100.26 points, or 0.37%, to 27,240.67

Bulk deal boosted volume on the scrip. On BSE, so far 12.45 lakh shares were traded in the counter, compared with average daily volume of 10.47 lakh shares in the past one quarter. The stock hit a high of Rs 247.60 and a low of Rs 243.65 so far during the day.

The stock hit a 52-week high of Rs 266 on 8 September 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 11 January 2017, rising 5.18% compared with 1.66% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 3.49% as against Sensex's 1.82% fall.

The large-cap company has an equity capital of Rs 1212.14 crore. Face value per share is Re 1.

ITC's net profit rose 10.5% to Rs 2500.03 crore on 10.28% increase in total income to Rs 10136.06 crore in Q2 September 2016 over Q2 September 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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