Friday 22 July 2016

ITC gains 2% post Q1 results

The Company posted a net profit of Rs. 23846.70 million for the quarter ended June 30, 2016 as compared to Rs. 21660.90 million for the quarter ended June 30, 2015.

ITC2
ITC Ltd stock was up by 2% at Rs.255.The Company posted a net profit of Rs. 23846.70 million for the quarter ended June 30, 2016 as compared to Rs. 21660.90 million for the quarter ended June 30, 2015.

 Total Income has increased from Rs. 125891.40 million for the quarter ended June 30, 2015 to Rs. 136735.80 million for the quarter ended June 30, 2016.

The scrip opened at Rs. 251.9 and has touched a high and low of Rs. 256 and Rs. 251.9 respectively. So far 177947(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 302784.48 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 258.85 on 01-Jul-2016 and a 52 week low of Rs. 178.67 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 254 and Rs. 245.8 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.62 % and 44.16 % respectively.

The stock is currently trading above its 50 DMA.

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