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ITC trades in green on planning to invest around $2 billion as part of 'ITC Next' strategy

13 Aug 2021 Evaluate

ITC is currently trading at Rs. 211.65, up by 2.75 points or 1.32% from its previous closing of Rs. 208.90 on the BSE.

The scrip opened at Rs. 209.90 and has touched a high and low of Rs. 212.25 and Rs. 209.20 respectively. So far 1516097 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 239.15 on 09-Feb-2021 and a 52 week low of Rs. 163.40 on 29-Oct-2020.

Last one week high and low of the scrip stood at Rs. 217.15 and Rs. 207.50 respectively. The current market cap of the company is Rs. 259918.47 crore.

The Institutions holding in the company stood at 54.14%, while Non-Institutions held 45.86%.

ITC is planning to invest around $2 billion (around Rs 14,851 crore) as part of its 'ITC Next' strategy, under which it will explore opportunities to craft 'disruptive business models'. The investment would be to beef up capacity to meet demand, to remain competitive and in technology and quality upgradation and new vectors of growth that it has identified.

Besides, ITC is also looking for acquisitions as part of its expansion plans, the spend on which will be over and above its planned investment.

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


ITC Share Price

306.80 3.35 (1.10%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 306.80
Godfrey Phillips 2207.10
VST Industries 265.10
The Indian Wood Pro. 34.45
NTC Industries 172.00
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