ITC gains 5% in two days on heavy volumes ahead of Q1 results on Friday

Analysts expect ITC's FMCG business to do well on the back of both foods and personal care segments.

Shares of ITC were up 2 per cent at Rs 201 in the intra-day trade on the BSE on Thursday, gaining 5 per cent in the past two days ahead of its April-June quarter (Q1FY21) earnings on Friday.

The counter has seen huge trading volumes with a combined 15.69 million equity shares changing hands on the NSE and BSE till 11:21 am. In comparison, the S&P BSE Sensex was up 0.35 per cent at 38,005 points.

Analysts expect ITC’s fast-moving consumer goods (FMCG) business to do well on the back of both foods and personal care, due to health and hygiene performing