ITC gains after decent Q1 results

ITC rose 3.29% to Rs 296.60 at 9:23 IST on BSE after net profit rose 10.1% to Rs 2818.68 crore on 6.9% increase in net sales to Rs 10554.66 crore in Q1 June 2018 over Q1 June 2017.

The result was announced after market hours yesterday, 26 July 2018.

Meanwhile, the S&P BSE Sensex was up 203.11 points, or 0.55% to 37,187.75.

On the BSE, 3.85 lakh shares were traded in the counter so far compared with average daily volumes of 9.40 lakh shares in the past two weeks. The stock had hit a high of Rs 301.80 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 294.85 so far during the day. The stock hit a 52-week low of Rs 250.35 on 15 November 2017.

 

ITC's portfolio of traditional and greenfield businesses encompass fast moving consumer goods (FMCG), hotels, paperboards & specialty papers, packaging, agri-business, and information technology.

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