ITC slips after declaring Q3 result

ITC fell 0.43% to Rs 324.30 at 11:29 IST on BSE after net profit rose 16.25% to Rs 2385.34 crore on 13.4% rise in total income to Rs 9117.91 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced during market hours today, 17 January 2014.

Meanwhile, the S&P BSE Sensex was down 91.23 points or 0.43% at 21,173.95

On BSE, so far 1.78 lakh shares were traded in the counter as against average daily volume of 4.74 lakh shares in the past one quarter.

The stock hit a high of Rs 328.20 and a low of Rs 322.50 so far during the day. The stock had hit a 52-week low of Rs 281.15 on 10 April 2013. The stock had hit a record high of Rs 380 on 24 July 2013.

The stock had outperformed the market over the past one month till 16 January 2014, rising 4.06% compared with the Sensex's 2.93% rise. The scrip, however, underperformed the market in past one quarter, falling 4.15% as against Sensex's 3.49% rise.

The large-cap company has equity capital of Rs 793.55 crore. Face value per share is Re 1.

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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