ITC rose 2.32% to Rs 311 at 13:30 IST on BSE after company's net profit rose 3.61% to Rs 2265.44 crore on 6.11% decline in total income to Rs 8902.71 crore in Q1 June 2015 over Q1 June 2014.
The company announced results during market hours today, 30 July 2015.
Meanwhile, the S&P BSE Sensex was up 186.58 points or 0.68% at 27,753.82.
On BSE, so far 5.56 lakh shares were traded in the counter as against average daily volume of 4.25 lakh shares in the past one quarter.
The stock hit a high of Rs 311.95 and a low of Rs 300.60 so far during the day. The stock had hit a record high of Rs 409.70 on 28 February 2015. The stock had hit a 52-week low of Rs 294.50 on 15 June 2015.
The stock had underperformed the market over the past one month till 29 July 2015, falling 2% compared with Sensex's 0.3% decline. The scrip had also underperformed the market in past one quarter, dropping 7.39% as against Sensex's 1.24% gain.
The large-cap cigarette maker has equity capital of Rs 801.87 crore. Face value per share is Re 1.
ITC's FMCG sales which includes cigarette and others rose 3.01% to Rs 6320.62 crore in Q1 June 2015 over Q1 June 2014.
The company does not have any exceptional or extraordinary item to report for the period. During the quarter, Russell Credit, a wholly owned subsidiary, acquired the entire paid-up equity share capital of Rs 20 crore of BFIL Finance (BFIL), another wholly owned subsidiary, consequent to which BFIL ceased to be a direct subsidiary of ITC with effect from 18 June 2015.
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