CapitalMarket.com - ITC inches up on decent Q1 outcome
Hot Pursuit Thursday, July 26, 2012 12:09 Hrs IST

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ITC inches up on decent Q1 outcome

ITC rose 0.75% at Rs 256.50 at 12:12 IST on BSE after net profit rose 20.22% to Rs 1602.14 crore on 15.34% increase in net sales to Rs 6652.21 in Q1 June 2012 over Q1 June 2011.

The result was announced during trading hours today, 26 July 2012.

Meanwhile, the BSE Sensex was down 37.87 points, or 0.22%, to 16,808.18.

On BSE, 3.22 lakh shares were traded in the counter as against an average daily volume of 3.14 lakh shares in the past one quarter.

The stock hit a high of Rs 257 and a low of Rs 252.15 so far during the day. The stock had hit a record high of Rs 260.20 on 2 July 2012. The stock had hit a 52-week low of Rs 185.20 on 26 September 2011.

The stock had outperformed the market over the past one month until 25 July 2012, rising 1.82% compared with the Sensex's 0.21% fall. The scrip had also outperformed the market in past one quarter, rising 3.62% as against 1.78% fall in the Sensex.

India's largest cigarette maker by sales has an equity capital of Rs 783.30 crore. Face value per share is Re 1.

ITC has a diversified presence in cigarettes, hotels, paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products. ITC is a market leader in cigarettes.

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