ITC shares end 1% higher post Q1 results; mcap up Rs 3,441 cr

Shares of ITC today ended 1 per

cent higher after the company reported 7.37 per cent rise in

standalone net profit for first quarter ended June 30.

The stock gained 0.90 per cent to settle at Rs 291.25 on

BSE. Intra-day, it went up by 2.16 per cent to Rs 294.90.

At NSE, shares of the company rose 1 per cent to end at

Rs 291.55.

The company's market valuation rose by Rs 3,440.97 crore

to Rs 3,54,212.97 crore.

In terms of volume, 13.29 lakh shares of the company were

traded on BSE and over one crore shares changed hands at NSE

during the day.

Diversified conglomerate ITC yesterday reported 7.37 per

cent rise in standalone net profit to Rs 2,560.50 crore for

June quarter, driven mainly by revenue growth from FMCG and

cigarettes business.

The company had posted a net profit of Rs 2,384.67 crore

for April-June quarter a year ago, ITC said in a BSE filing.

ITC's net sales during the period under review was up

4.29 per cent to Rs 13,722.21 crore as against Rs 13,156.68

crore in the corresponding quarter of previous fiscal.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)