The company had started offering a 1% discount on purchase of ITC products across Choupal Saagars
Thus far in the calendar year, the stock was up 21.6% against 12.5% rise in Sensex.
LIC, however, increases stake in company to 16.29%
But globally insurers, fund houses have been staying away from investing in sectors like tobacco
World's second-biggest consumer of wheat on Tuesday imposed a 10% duty on imports
Godfrey Phillips, VST Industries and Golden Tobacco rallied over 2% on BSE in intra-day trade.
The popular range would pit ITC against the likes of Cadbury's and Nestle in the chocolates segment
Such initiative would leverage the company's experience in the hospitality and tourism sector: ITC
ITC's latest December quarter results were dampened by demonetisation particularly the FMCG business
Held through SUUTI, stake in tobacco-to-FMCG major comes down to 9.1%
ITC shares rose as much as 5.5% in early trade to a record high of Rs 292.15 after news of the sale
The 2% stake sale in ITC will fetch the government approximately Rs 6,700 crore
The stock hit lifetime high of Rs 280, up 4%, extending its previous days nearly 5% rally on the BSE.
ITC, Golden Tobacco, VST Industries and Godfrey Phillips India were up 1% to 6% on the BSE.
Total income from operations up 5% at Rs 13,471 cr
Lower tax rate aided third quarter earnings; focus will now shift to the Budget
The company had posted a net profit of Rs 2,503.76 crore during the same period last fiscal
In past one month, the stock outperformed the market by surging 17% as compared to 5.5% rise in the Sensex.
To foray into fruits, vegetables and seafood segment next
Sales of these two brands have declined 20-30% after the price hike