ITC slips after Q3 results

ITC fell 0.27% to Rs 272.10 at 13:49 IST on BSE after net profit rose 16.75% to Rs 3090.20 crore on 25.8% decline in total income to Rs 10579.11 crore in Q3 December 2017 over Q3 December 2016.

The result was announced during market hours today, 19 January 2018.

Meanwhile, the S&P BSE Sensex was up 70.27 points, or 0.20% to 35,330.56.

On the BSE, 12.73 lakh shares were traded in the counter so far, compared with average daily volumes of 7.47 lakh shares in the past one quarter. The stock had hit a high of Rs 277.40 and a low of Rs 271.40 so far during the day. The stock hit a record high of Rs 353.20 on 3 July 2017. The stock hit a 52-week low of Rs 249.95 on 19 January 2017.

The stock had underperformed the market over the past 30 days till 18 January 2018, rising 3.63% compared with 4.39% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 1.21% as against Sensex's 8.86% rise. The scrip had also underperformed the market in past one year, rising 7.44% as against Sensex's 29.12% rise.

The large-cap cigarette major has equity capital of Rs 1219.05 crore. Face value per share is Re 1.

ITC's standalone cigarette revenue fell 44.15% to Rs 4629.19 crore in Q3 December 2017 over Q3 December 2016.

ITC's traditional and greenfield businesses encompasses fast moving consumer goods (FMCG), hotels, paperboards & specialty papers, packaging, agri-business, and information technology. ITC is a market leader in cigarettes.

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