Jan 25, 2013, 03.14 PM IST | Source: Reuters

ITC gains as fears of duty hike recede

Shares in ITC gain 0.9 percent to Rs 300, not far off a record high of Rs 306.50 hit on December 12, 2012, as investors see previous fears of a potential duty on cigarettes as having dragged down the stock excessively.

ITC gains as fears of duty hike recede

Shares in ITC gain 0.9 percent to Rs 300, not far off a record high of Rs 306.50 hit on December 12, 2012, as investors see previous fears of a potential duty on cigarettes as having dragged down the stock excessively.

Shares in the cigarette maker fell 11.7 percent in December on fears of tougher regulations on tobacco products.

Buying in defensive stocks this week on nervousness ahead of the RBI policy review on Tuesday also seen helping.

ITC becomes most influential stock in Sensex

ITC shares have risen 3.5 percent this week, as of Thursday's close compared with a fall of 0.6 percent in the Sensex.

ITC last week beat estimates with a 21 percent rise in quarterly profit as cigarette volumes improved after four quarters of stagnant growth.

ITC stock price

On April 23, 2014, ITC closed at Rs 353.35, up Rs 2.65, or 0.76 percent. The 52-week high of the share was Rs 380.00 and the 52-week low was Rs 285.40.


The company's trailing 12-month (TTM) EPS was at Rs 10.61 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 33.3. The latest book value of the company is Rs 28.04 per share. At current value, the price-to-book value of the company is 12.60.

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