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    Trending stocks: ITC shares trade flat in early session

    Synopsis

    A total of 178,354 shares changed hands on the counter till 09:56AM.

    ITC
    ITC Ltd. quoted a 52-week high of Rs 266.2 and a 52-week low of Rs 134.95.
    NEW DELHI: Shares of ITC Ltd. traded 0.26 per cent up in Friday's trade at 09:56AM. Around 178,354 shares changed hands on the counter.

    The counter opened at Rs 195.35 and touched an intraday high and low of Rs 196.4 and Rs 194.15, respectively, in the session so far. The stock of ITC Ltd. quoted a 52-week high of Rs 266.2 and a 52-week low of Rs 134.95.

    Total market cap of the ITC Ltd. stood at Rs 239759.97 crore at the time of writing this report. ITC’s business crossed the Rs 10,000 crore sales milestone in 2019-20, narrowing the lead of the second ranked Britannia to about Rs 600 crore. Nestl India is the leader in the segment.

    Key Financials
    The company reported consolidated sales of Rs 9722.04 crore for the quarter ended 30-Jun-2020, down 16.75 per cent from previous quarter's Rs 11677.97 crore and down 22.42 per cent from the year-ago quarter's Rs 12532.31 crore.

    The net profit for latest quarter stood at Rs 2511.0 crore, down 25.16 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Jun-2020, DIIs held 9.44 per cent stake in the company, while foreign institutional investors held 14.58 per cent.

    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 16.58 and a price-to-book ratio of 3.74. 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.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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