ITC trades higher on the BSE

ITC Ltd. | Cigarettes/Tobacco | FMCG | BSE: 500875 | NSE: ITC

21 Aug 2014 Evaluate

ITC is currently trading at Rs 347.30, up by 2.30 points or 0.67% from its previous closing of Rs 345.00 on the BSE.

The scrip opened at Rs 344.95 and has touched a high and low of Rs 349.15 and Rs 344.40 respectively. So far 127316 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 386.75 on 16-May-2014 and a 52 week low of Rs. 285.40 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 361.45 and Rs. 344.00 respectively. The current market cap of the company is Rs. 276436.82 crore.

The Institutions and Non-Institutions held 54.24 % and 45.50 % respectively.

In the wake of hike in excise duty on cigarettes in the Budget, diversified conglomerate ITC has raised the prices of select cigarette brands like Classic and Gold Flake Kings by up to Rs 10 per pack. The prices of Classic and Gold Flake Kings have been revised from Rs 85 to Rs 95 for packs of 10 and the new stocks are expected to hit the market shortly.

Besides, prices of Bristol Filter have been increased from Rs 45 to Rs 47, Capstan Filter from Rs 39 to Rs 47, Flake Filter from Rs 39 to Rs 48 and Flake Excel Filter from Rs 39 to Rs 45.

However, prices of brands like Navy Cut at Rs 69, Gold Flake Filter at Rs 59, Gold Flake Premium Filter at Rs 58, and Scissors Filter and Flake Premium Filter at Rs 50 remains unchanged.

ITC, a diversified conglomerate has business interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.