ITC Ltd.

ITC Ltd. July 8th Shares Hiked Over 1%

ITC Ltd. July 8th Shares Hiked Over 1%, After Q4 Result:

To begin with, ITC Ltd. shares traded with a 1.03% gain in today’s Intraday trade. Also, until now, the company exchanged 7,22,516 shares hands on the counter. 

Moreover, the company shares started at Rs. 194.80 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 197.50 per eq share. Similarly, the Intraday low value of Rs. 194.40 per share.

According to the source, the company reached its 52-week highest value of Rs. 278.50. Also, it reached the 52-week lowest value of Rs. 134.95. As per the records, the total market capitalization stood at Rs. 2,42,279.88 cr.

On 31st March 2020, ITC announced its consolidated sales worth Rs. 11,677.97 cr. Comparatively, the company sales declined by 12.25% from its last quarter sales of Rs. 13,307.54 cr. Also, its sales declined by 10.71% from last year’s sales of Rs. 13,078.09 cr.

Furthermore, the net profit of Rs. 3,856.52 cr declined by 9.09% from the same quarter a year ago. By the ending in March 2020, the company promoters held 0.00% of its stake, FIIs held a 14.63% stake and DIIs held a 9.92% stake.

Presently, the company shares quoted with a price-to-earnings ratio in multiples of 15.83. Similarly, the company’s price-to-book value ratio of 3.78.

Stock Market Update: 

Stock Market July 8th: On Wednesday, both Sensex and Nifty seem to trade in a bearish trend in the stock market. The Sensex stood traded loss with 36,653.26 levels and Nifty stood traded loss with 10,793.75 levels. The Sensex declined 21.26 points with a 0.059% loss. Besides, Nifty has declined 5.90 points with a 0.055% loss.

On the other hand, the number of confirmed or coronavirus cases in India reached 7,43,481 as of July 8th, and deaths reached 20,653.

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market today. It raised 53.75 points with a 0.40% gain and reached a 13,589.72 level. The S&P BSE Smallcap index raised 56.50 points with a 0.40% gain and reached a 12,896.27 level. However, the Nifty Bank raised 234.30 points with a 1.04 % gain and reached a 22,862.30 level. 

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