ITC trades higher on the bourses

30 Jan 2012 Evaluate

ITC is currently trading at Rs. 203.20, up by 1.15 points or 0.57% from its previous closing of Rs. 202.05 on the BSE.

The scrip opened at Rs. 202.90 and has touched a high and low of Rs. 203.55 and Rs. 202.05 respectively. So far 13,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 216.10 on 28-Oct-2011 and a 52 week low of Rs. 150.00 on 24-Feb-2011.

Last one week high and low of the scrip stood at Rs. 207.10 and Rs. 198.50 respectively. The current market cap of the company is Rs. 1,58,417.00 crore.

The Institutions and Non-Institutions hold 51.09% and 48.60% respectively.

Diversified conglomerate ITC is mulling to invest up to Rs 1,000 crore in the FMCG segment in the next four years. Given the rapid growth of the fast moving consumer goods segment in India which is expected to triple in size in the next 10 years, the company is pursuing an aggressive investment led growth strategy.  Diversified conglomerate will be investing heavily in technology and manufacturing, fixed assets, brand building, R&D, product development and consumer insights to build market standing.  The company will mainly invest in building state of the art manufacturing facilities, logistics as well as ramping up existing capacity.

Under the FMCG division, ITC is currently selling branded packaged foods under the brands Bingo, Sunfeast and Yippee among others, personal care range like Vivel and Fiama di Wills apart from stationery products, cigarettes and lifestyle apparel.

Over the last few years, ITC, has rapidly scaled up its FMCG businesses and has entered in new categories over the last few years like instant noodles, pasta, biscuits among others.

ITC Share Price

464.60 -1.75 (-0.38%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
ITC 464.60
Godfrey Phillips 5355.30
VST Industries 334.70
The Indian Wood Pro. 58.03
Golden Tobacco 39.83
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