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Published on 17/08/2018 2:03:23 PM | Source: Dion Global Solutions Ltd

ITC shares hit 52-week high on bourses

Posted in Stock On The Move| #ITC Ltd #Stock On The Move #BSE #cigarettes

Shares of ITC continued gaining streak on Friday and climbed nearly 3 per cent, hitting 52-week high, on the Bombay Stock Exchange after the company reported higher-than-expected earnings for the first quarter ended June 30, 2018. The FMCG major has reported a 10 per cent y-o-y growth in net profit at Rs 2,818.68 crore in the June quarter. In line with benchmark indices, stocks of the company gained as much as 2.67 per cent and touched 52-week high of Rs 315.00 apiece on the Bombay Stock Exchange.

In a similar trend, shares of the firm were trading 1.76 per cent higher at Rs 312.85 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 37,958.35, up 294.79 points, or 0.78 per cent, from previous close on the BSE at 11:50 hours.