Trending stocks: ITC shares up nearly 1% in early session

NEW DELHI: Shares of ITC Ltd. traded 0.52 per cent up in Friday's trade at 10:13AM (IST). Around 1,492,215 shares changed hands on the counter.

The stock opened at Rs 205.5 and touched an intraday high and low of Rs 209.25 and Rs 202.3, respectively, in the session so far. The stock of ITC Ltd. quoted a 52-week high of Rs 282.95 and a 52-week low of Rs 134.95.

Total market cap of the ITC Ltd. stood at Rs 249839.6 crore at the time of writing this report.


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.

The net profit for latest quarter stood at Rs 3975.54 crore, up 29.13 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 9.92 per cent stake in the company, 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 16.67 and a price-to-book ratio of 4.33. 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.