Monday 28 September 2015

ITC launches grease-resistant paper boards; stock flat

The company has announced launching of grease-resistant paper boards. The paper boards and specialty papers division of the company announced that it developed the foodgrade paper board variety (without use of plastic film) targeting the food industry particularly the quick service restaurant chains and sweet shops.


ITC1
ITC Ltd is currently trading at Rs. 321.75, down by 0.28% from its previous closing of Rs. 322.65 on the BSE.

The company has announced launching of grease-resistant paper boards. The paper boards and specialty papers division of the company announced that it developed the foodgrade paper board variety (without use of plastic film) targeting the food industry particularly the quick service restaurant chains and sweet shops.

The scrip opened at Rs. 323.85 and has touched a high and low of Rs. 325.05 and Rs. 320.3 respectively. So far 61976(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 258974.86 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 409.7 on  and a 52 week low of Rs. 294.5 on . Last one week high and low of the scrip stood at Rs. 327.35 and Rs. 308 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.69 % and 44.06 % respectively.

The stock is currently trading below its 200 DMA.

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