ITC Shares Hits Fresh All-Time High Ahead of Q4 Results; Should you Buy This FMCG Stock?
[ad_1]
ITC Shares At Hit All-Time High: Shares of ITC, a Kolkata-based conglomerate with operations spanning from cigarettes to other FMCG products to hotels, hit a new high of Rs 395.15, gaining 2 per cent on the BSE in Tuesday’s intra-day trade, on expectations of strong earnings growth. ITC shares gained by Rs 6.5 — or 1.7 per cent — at the strongest level of the day to touch a record Rs 395.2 apiece on BSE, trading at the Rs 395 level for the first time ever. The stock of the cigarette maker — whose popular brands include Classic, Gold Flake, Insignia, American Club, India Kings and Wills Navy Cut — was on track to finish higher for the fourth session in a row. ITC surpassed its previous high of Rs 394, touched on February 3, 2023. On Monday, ITC saw huge trading volumes, with around 2.74 million shares and 95 per cent of total traded quantity on the BSE was converted into delivery, the exchange data shows. ITC’s market capitalisation (market-cap) now inches towards Rs 5 trill