Shares of ITC fell nearly 3 per cent Monday despite the company reporting 18.72 per cent increase in standalone net profit for the fourth quarter ended March 31, 2019.
The scrip declined 2.64 per cent to close at Rs 289.85 on the BSE. During the day, it dropped 3.25 per cent to Rs 288.
At the NSE, shares dipped 2.83 per cent to close at Rs 289.30.
The company Monday reported 18.72 per cent increase in standalone net profit at Rs 3,481.9 crore for the fourth quarter ended March 31, 2019.
It had posted a net profit of Rs 2,932.71 crore in January-March quarter a year ago.
The company also announced elevation of its MD Sanjiv Puri as the Chairman and Managing Director of the company.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app