Promoted
The company s board recommended a final dividend of Rs 5.75 per ordinary share of Re 1 each for the financial year 2020-21, upon declaration of board members. If declared, the final will be paid on August 13, 2021. ITC s cigarette business reported recovery with the easing of restrictions and improved mobility. Its volumes touched nearly pre-Covid levels towards the end of the year, said the company in its statement.
ITC s earnings before interest, tax, depreciation, and amortization (EBITDA) of the non-cigarette FMCG business grew 19.3 per cent in the fourth quarter of fiscal 2020-21, to Rs 305.98 crore. The company s agriculture business reported strong growth in the March quarter, with its sales surging 78 per cent on yearly basis.
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
ITC Ltd is quoting at Rs 212.6, up 2.29% on the day as on 12:49 IST on the NSE. The stock is up 41.07% in last one year as compared to a 75.1% jump in NIFTY and a 38.02% jump in the Nifty FMCG index.
ITC Ltd gained for a third straight session today. The stock is quoting at Rs 212.6, up 2.29% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.55% on the day, quoting at 14828.85. The Sensex is at 50155.78, down 0.41%. ITC Ltd has slipped around 2.86% in last one month.
Meanwhile, Nifty FMCG index of which ITC Ltd is a constituent, has slipped around 0.02% in last one month and is currently quoting at 33351.75, up 0.09% on the day. The volume in the stock stood at 455.26 lakh shares today, compared to the daily average of 279.84 lakh shares in last one month.
ITC rose 1.42% to Rs 211 on BSE, extending gains for the third consecutive session.
Shares of ITC advanced 2.80% in three trading sessions from a recent closing low of Rs 205.25 on Friday, 12 March 2021.
On the technical front, the stock s RSI (relative strength index) stood at 48.903. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading between its 50-day moving average (DMA) placed at 213.08 and its 200-day moving average (DMA) placed at 195.69.
ITC s net profit declined 11.4% to Rs 3587.20 crore on 1.5% increase in net sales to Rs 13,005.88 crore in Q3 FY21 over Q3 FY20.
NSE VIX fell 0.16% to 20.1575.The Nifty March 2021 futures were at 14,756, a premium of 34.7 points compared with Nifty s spot closing of 14,721.30.
Turnover on the National Stock Exchange s futures & options (F&O) segment was Rs 42.45 lakh crore compared with Rs 34.56 lakh crore in the previous session.
In the cash market, the Nifty 50 index slumped 189.15 points or 1.27% to 14,721.30.
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, fell 0.16% to 20.1575.
RIL, ITC and HDFC Bank were the top traded stock futures contracts in F&O segment for March expiry.
The March F&O contracts will expire on 25 March 2021.