ITC is currently trading at Rs. 192.00, down by 3.55 points or 1.82% from its previous closing of Rs. 195.55 on the BSE.
The scrip opened at Rs. 198.50 and has touched a high and low of Rs. 198.70 and Rs. 191.55 respectively. So far 2852451 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 266.20 on 07-Nov-2019 and a 52 week low of Rs. 134.95 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 198.95 and Rs. 191.55 respectively. The current market cap of the company is Rs. 238834.81 crore.
The Institutions and Non-Institutions held 56.69% and 43.31% stake in the company respectively.
ITC is considering merger of its three wholly-owned subsidiaries – Sunrise Foods, Hobbits International Foods and Sunrise Sheetgrah – with itself. A board meeting of the company has been convened for this on September 4, 2020.
The acquisition of Sunrise Food, engaged primarily in the business of spices, will help it to augment its portfolio in the segment, where it has already presence with its brand Aashirvaad. Consequent to it, Sunrise and its two arms – Sunrise Sheetgrah and Hobbits International Foods – also became wholly-owned subsidiaries of ITC.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
