ITC trims gains after declaring Q2 result

ITC rose 0.19% to Rs 269 on BSE after the company declared Q2 result during trading hours today, 27 October 2017.

Meanwhile, the S&P BSE Sensex was up 10.09 points, or 0.03% to 33,157.22.

On the BSE, 16.28 lakh shares were traded in the counter so far, compared with average daily volumes of 7.50 lakh shares in the past one quarter. The stock was volatile. The stock had hit a high of Rs 276.10 and a low of Rs 267.80 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 222.05 on 26 December 2016.

The stock had underperformed the market over the past one month till 26 October 2017, rising 3.84% compared with 6.38% rise in the Sensex. The scrip also underperformed the market in past one quarter, sliding 7.81% as against Sensex's 2.59% rise. The scrip had also underperformed the market in past one year, rising 10.36% as against Sensex's 18.74% rise.

The large-cap company has equity capital of Rs 1218.03 crore. Face value per share is Re 1.

ITC's net profit rose 5.59% to Rs 2639.84 crore on 27.2% drop in total income to Rs 10258.13 crore in Q2 September 2017 over Q2 September 2016. Following the introduction of GST, total income from operations is not comparable with the previous periods, ITC said.

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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