ITC firms up after decent Q4 results

ITC rose 1.88% to Rs 287.10 at 14:13 IST on BSE after net profit rose 9.86% to Rs 2932.71 crore on 26.48% decline in total income to Rs 11329.74 crore in Q4 March 2018 over Q4 March 2017.

The result was announced during trading hours today, 16 May 2018.

Meanwhile, the S&P BSE Sensex was up 118.71 points, or 0.33% to 35,425.23.

On the BSE, 6.63 lakh shares were traded in the counter so far compared with average daily volumes of 6.45 lakh shares in the past two weeks. The stock had hit a high of Rs 288.60 and a low of Rs 279.65 so far during the day. The stock hit a record high of Rs 353.20 on 3 July 2017. The stock hit a 52-week low of Rs 250.35 on 15 November 2017.

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

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