For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

ITC shares gain ground on hike in prices

|

Shares in heavyweight, ITC gained ground for a second day running, as the major hiked prices of certain brand of cigarette.

The stock was up 1 per cent in trade on heavy volumes on the National Stock Exchange.

The ITC stock rallied smartly in trade on Monday as well. Over the last few months the stock has remained steady, as investors sold FMCG stocks on fears that volumes at these companies are likely to fall.

 

ITC's own volumes have dwindled in the last quarter and analysts say the company will make up by hiking prices, thus enhancing margins.

Over the years the company has diversified into activities like FMCG. The ITC group also runs hotels and manufactures paper.

GoodReturns.in

Read more about: itc national stock exchange fmcg
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more