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ITC nears 52-week high ahead of Q3 results

In past one month, the stock rallied 17% as compared to 5.5% rise in the Sensex.

ITC Chairman Y C Deveshwar addresses shareholders in the presence of other board members during 105th Annual General Meeting of the Company
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ITC Chairman Y C Deveshwar addresses shareholders in the presence of other board members during 105th Annual General Meeting of the Company

SI Reporter Mumbai
ITC was up 1% at Rs 263, trading close to its 52-week high of Rs 266 on the BSE, ahead of its October-December quarter (Q3) results on Friday, January 27, 2017.

The stock is less than 3% away from its record high of Rs 273 touched on February 28, 2015 in intra-day trade.

In past one month, the stock of fast moving consumer goods (FMCG) company has outperformed the market by surging 17% as compared to 5.5% rise in the S&P BSE Sensex.

Prabhudas Lilladher expects gradual and sustained recovery in ITC’s cigarette business as it has