ITC rises on inking pact with BRTC for supply of agarbattis

09 Jan 2019 Evaluate

ITC is currently trading at Rs. 286.50, up by 2.30 points or 0.81% from its previous closing of Rs. 284.20 on the BSE.

The scrip opened at Rs. 284.20 and has touched a high and low of Rs. 286.60 and Rs. 284.20 respectively. So far 82179 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 322.70 on 03-Sep-2018 and a 52 week low of Rs. 251.30 on 26-Mar-2018.

Last one week high and low of the scrip stood at Rs. 285.15 and Rs. 277.75 respectively. The current market cap of the company is Rs. 349404.52 crore.

The Institutions and Non-Institutions held 55.06% and 44.94% stake respectively, in the company.

ITC has inked pact with the Bamboo Research and Training Centre (BRTC) in Maharashtra for the supply of agarbattis (incense sticks) marketed under its Mangaldeep brand. This is part of the company’s safety matches and agarbatti business unit. BRTC is an autonomous organization formed by Maharashtra Forest Department.

The company will facilitate and assist BRTC to achieve best in class manufacturing, whereas BRTC will exclusively manufacture and package incense sticks as per the company’s specifications. The agreement is valid initially for four months and will cover the complete production cycle up to the packaging and storage of the finished incense sticks. The agreement is valid for an initial period of four months and will cover the complete production cycle up to the packaging and storage stage of the finished incense sticks.

ITC has business a 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.

ITC Share Price

436.50 -0.10 (-0.02%)
18-May-2024 12:50 View Price Chart
Peers
Company Name CMP
ITC 436.50
Godfrey Phillips 4159.00
VST Industries 4041.05
The Indian Wood Pro. 30.35
Golden Tobacco 38.90
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