Since price trends tend to persist, it is worth taking a look at the price performance of ITC shares. At its current price of Rs23,575 per share, its trading is about 11.33% above its 200-day moving average. The shares are currently trading at Rs22,575 and the price has risen 30.51% in the last 365 days.
ITC analysts are forecasting consensus earnings per share (EPS) of $12.695 for the next fiscal year. The PE ratio (price to earnings ratio) is one of the most popular valuation measures for equity investors.
ITC Ltd. is a holding company engaged in the manufacture and trade of consumer goods. The company is an outstanding market leader in its traditional cigarette, hotel, cardboard packaging and agricultural exports business and has gained market share in its fledgling packaged food, confectionery, clothing, personal care and stationery business. ITC Limited is active in the transport of consumer goods, hotel cardboard, paper packaging, agricultural and information technology (IT) in India.
On March 24, 2016, ITC announced that it has acquired the whole of Technico Agri Sciences Limited (India) and Technico Pty Limited (Australia) for a total of Rs 12.1 crore. In 2012, ITC Ltd purchased 22,60,066,065 shares of common stock with the market value of technico pty Ltd, an Australia-based TPL company, from Russell Credit Ltd, a wholly owned subsidiary of the company. ITC Infotech USA, Inc., a wholly owned subsidiary of ITC InfoTech India Limited, subscribed to the total share capital of the Indivate Inc., a US based company earlier this year.
The company recorded net profit after tax of Rs 3,343.44 crore in the last quarter. ITC recorded a strong recovery in all segments in Q1FY22 due to operational constraints during the second wave. ITC shares extended the rally, rising 2 percent to 23,940 rupees in intraday trading on Monday. The stock has gained 46.5 per cent since hitting a 52-week low of 16,340 rupees in October last year.
In the last trading, ITC Ltd's share price was 23,555, down 0.77% on the NSE. In afternoon trading, ITC shares were up 17.3 per cent, while BSE Sensex gained 0.3 cent.
On July 28, Jayant Awasthi sold 75k shares on the market at Rs20.8p. As of June 2021, Sunil Mathur holds 17,050k shares, or RSR 3.5 million, at this time.
ITC Limited is an Indian company based in Calcutta, West Bengal. In a short space of time, ITC has built up 25 parent brands that are market leaders in their segment. Others, such as consumer giants ITC Ltd and Adani Group, controlled by India's richest man Adani, ship frozen tanks and offer portable concentrator generators.
Silicon Valley investor Vinod Khosla tweeted an offer earlier this week to fund public hospitals to import large quantities of oxygen to improve India's stocks. Alphabet CEO Sundar Pichais provided $18 million, and Amazon is using its global logistics and supply chain to bring 100 respirators into the air from the United States. In the next two weeks, they will reach India, Amazon local chief Amit Agarwal wrote in a blog post. Collective, a member of the prominent United States.-India Business Council, plans to deliver 20,000 oxygen concentrators in the coming weeks.
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