ITC hits 52-week high on robust Q4

ITC hits 52-week high on robust Q4

29/05/2017 11:50

Shares of FMCG major ITC rose nearly 4 per cent, hitting 52-week high, on the Bombay stock Exchange after the company reported a 12.13 per cent growth in its standalone net profit at Rs 2,669.47 crore for the fourth quarter ended March 31, 2017, helped by spurt in revenue from cigarette segment.

Boosted by strong Q4, shares of the company gained as much as 3.64 per cent to hit 52-week high of Rs 319.90 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 316.40 against previous close price of Rs 308.60.

In a similar fashion, stocks of firm were trading 2.43 per cent higher at Rs 316.60 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 31,060.97, up 32.76 points or 0.11 per cent, at 11:35 hours.

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