ITC’s Upward Trend Continues After Earnings, Shares Up Nearly 1.5%





ITC’s market valuation jumped by Rs 16,144.24 crore to Rs 3,44,743.08 crore in two trading sessions.

New Delhi:

Shares of ITC jumped nearly 1.5 per cent on Friday after a double-digit rise in the March quarter profit. The company posted an 11.60 per cent rise in its net profit for the fourth quarter ended March.

The stock gained 1.43 per cent to trade at Rs 279.60 on the BSE in late deals. During the day, it jumped 2.41 per cent to its 52-week high of Rs 282.30.

At the NSE, the stock was trading 1.49 per higher at Rs 279.75.

The company’s market valuation jumped by Rs 16,144.24 crore to Rs 3,44,743.08 crore on the BSE in just two trading sessions.

On Wednesday, ITC had reported an 11.60 per cent rise in its consolidated net profit at Rs 4,259.68 crore for the fourth quarter ended March 2022, driven by growth across all verticals.

It had posted a net profit of Rs 3,816.84 crore during the March quarter of the previous fiscal, ITC said.

Consolidated revenue from operations was up 15.25 per cent at Rs 17,754.02 crore during the March quarter as against Rs 15,404.37 crore in the same period of the previous fiscal.

ITC had surged 3.43 per cent to settle at Rs 275.65 on Thursday.






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