ITC shares gain after earnings; valuations seen enticing

Reuters Market Eye - ITC shares gain around 1 percent a day after reporting better-than-expected April-June profit, with traders saying valuations are especially attractive.

The stock trading at 26.4 times 12-month forward earnings compared to an average of 36 times for domestic fast consumer goods makers, Thomson Reuters data shows.

(Reporting by Dipika Lalwani)