Trending stocks: ITC share price slumps 6%
Shares of ITC Ltd. traded 5.98 per cent down in trade at 11:37AM on Wednesday .
By ETMarkets.com | Updated:
BCCL - Non Copyright
NEW DELHI: Shares of ITC Ltd. traded 5.98 per cent down in Wednesday 's trade at 11:37AM (IST). Around 1464764 shares changed hands on the counter.
The stock opened at Rs 171.7 and touched an intraday high and low of Rs 171.7 and Rs 160.6 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 309.85 and a 52-week low of Rs 134.95 .
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 213761.90 Crore) operating in Tobacco sector.
The government is seeking to raise around to Rs 22,000 crore by selling its entire stake in FMCG–hospitality–cigarette major ITC and Axis Bank, one of the leading private sector lenders.
Key Financials
The company reported consolidated sales of Rs 13307.54 crore for the quarter ended 31-Dec-2019 , up 4.3 per cent from previous quarter's Rs 12759.44 crore and up 21.01 per cent from the year-ago quarter's Rs 10996.62 crore.
Shareholding pattern
As of 31-Mar-2020 , domestic institutional investors held 10.38 per cent stake in the firm , while foreign institutional investors held 14.63 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 13.41 and a price-to-book ratio of 3.49 . A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
ITC Ltd. belongs to the Cigarettes industry.
The stock opened at Rs 171.7 and touched an intraday high and low of Rs 171.7 and Rs 160.6 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 309.85 and a 52-week low of Rs 134.95 .
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 213761.90 Crore) operating in Tobacco sector.
The government is seeking to raise around to Rs 22,000 crore by selling its entire stake in FMCG–hospitality–cigarette major ITC and Axis Bank, one of the leading private sector lenders.
Key Financials
The company reported consolidated sales of Rs 13307.54 crore for the quarter ended 31-Dec-2019 , up 4.3 per cent from previous quarter's Rs 12759.44 crore and up 21.01 per cent from the year-ago quarter's Rs 10996.62 crore.
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Bottomline for the latest quarter stood at Rs 3975.54 crore, up 29.13 per cent from the same quarter a year ago . Shareholding pattern
As of 31-Mar-2020 , domestic institutional investors held 10.38 per cent stake in the firm , while foreign institutional investors held 14.63 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 13.41 and a price-to-book ratio of 3.49 . A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
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ITC Ltd. belongs to the Cigarettes industry.
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