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ITC hits 3-month high; stock gains 9% in one month

The stock was up 2% at Rs 295, its highest level since October 4, 2018.

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SI Reporter Mumbai
Shares of ITC hit a three-month high of Rs 295 apiece, up 2 per cent on the BSE in an otherwise range-bound market on Friday.

The stock of fast moving consumer goods (FMCG) was trading at its highest level since October 4, 2018. In past one month, ITC outperformed the market by gaining 9 per cent, as compared to a 3 per cent rise in the S&P BSE Sensex.

The cess at 1 per cent calamity cess to fund the rehabilitation work in Kerala is moderate and lower than fears. It is, thus, a small positive for ITC. There has