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ITC in jubilant mood on announcement of reduction in basic custom duty on cigarette

16 Mar 2012 Evaluate

Finance Minister, Pranab Mukherjee announced to reduce basic custom duty on cigarette.

ITC is currently trading at Rs. 220.45, up by 11.95 points or 5.73% from its previous closing of Rs. 208.50 on the BSE.

The scrip opened at Rs. 208.05 and has touched a high and low of Rs. 212.30 and Rs. 208.05 respectively. So far 1269624 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 216.10 on 28-Oct-2011 and a 52 week low of Rs. 165.50 on 18-Mar-2011.

Last one week high and low of the scrip stood at Rs. 224.95 and Rs. 206.05 respectively. The current market cap of the company is Rs. 165008.41 crore.

The Institutions and Non-Institutions held 51.09% and 48.60% stake in the company, respectively.

Peers
Company Name CMP
ITC 260.25
Godfrey Phillips Ind 1928.00
VST Industries 204.05
Indian Wood Products 33.86
NTC Industries 134.70
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