ITC gains on plan to set up four food processing parks
Date: 24-04-2015ITC is currently trading at Rs. 345.15, up by 2.90 points or 0.85% from its previous closing of Rs. 342.25 on the BSE.
The scrip opened at Rs. 344.00 and has touched a high and low of Rs. 345.60 and Rs. 341.95 respectively. So far 44582 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 409.70 on 28-Feb-2015 and a 52 week low of Rs. 312.40 on 23-Jun-2014.
Last one week high and low of the scrip stood at Rs. 353.25 and Rs. 338.60 respectively. The current market cap of the company is Rs. 274331.16 crore.
The institutions and non-institutions held 55.48% and 44.27% stake in the company, respectively.
Diversified conglomerate ITC is exploring the possibility of setting up four food processing parks. In this regard the company will invest up to Rs 200-250 crore each in Tamil Nadu. The road show is for its first global investors meet scheduled in September this year.
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.