ITC shares vs HUL shares: ITC shares hit an all-time high of Rs 405.5 in early trade today against the previous close of Rs 400.30 on BSE. HUL shares have gained after three days of fall. At 12:17 pm, the stock was trading 0.16% higher at Rs 2497.
ITC share price: Shares of cigarette-to-hotel conglomerate ITC hit its new 52-week high of Rs 402 on NSE recently. At around 10:15 AM today, the shares of ITC were trading at Rs 396.69 apiece.
Stocks in focus today: In the near term, market to take cues from global events including China’s GDP, US corporate earnings as well as UK and Japan inflation data. Vedanta, SBI Cards, Adani Total Gas, ITC among stocks to watch on April 18, 2023.
ITC has gained 48 percent over the year, making it the best-performing Nifty50 stock. After hitting a low of 28 percent in June 2020, the company s operating margins steadily improved to 38 percent in the December quarter of FY23
Shares of FMCG major ITC will remain unaffected from the amendment to the GST Compensation Cess Schedule passed by the Lok Sabha late last week, said JM Financial in its report. The schedule has been seen as a prelude to a possible government action on cigarette taxation, which has been fairly steady and reasonable over the last few years.