ITC up 2%, hits record high; stock gallops over 19% from Budget Day low

The FMCG index too was seen outperforming the BSE benchmark in Thursday trade with a gain of nearly 1 per cent.

Shares of ITC traded on a buoyant note in Thursday's intra-day trades, with the stock hitting a new summit at Rs 393.35 on the BSE. At 11:50 AM, the stock was up 2 per cent at Rs 392 on trades of around 7.26 lakh shares as against the two-week daily average volume of around 3.45 lakh shares on the exchange.

Meanwhile, the S&P BSE Sensex was up 0.2 per cent at 59,838. Along with ITC, the BSE FMCG index too was seen outperforming the benchmark index and was up 0.9 per cent at 16,489.

In the December quarter, ITC had a reported