ITC gains 4% after March quarter results; most brokerages maintain ‘buy’

Truman Slate

Shares of ITC, the diversified conglomerate, attained as a lot as 4 for every cent to Rs 203 apiece on the BSE on Monday following the company on Friday documented a seven.75 for every cent drop in its income right before tax (PBT) at Rs 4,743.forty seven crore for the quarter ended March 31. The fall in PBT was due to a sharp decrease in use, specially in rural locations due to the Covid-19 pandemic.

The company posted a 4.ninety three for every cent decrease in its income from functions at Rs 12,560.64 crore throughout the quarter.

ITC’s net income, however, rose nine.18 for every cent to Rs three,926.seventy two crore, owing to tax adjustments pursuing the reduction in company tax costs previous year. Click Here TO Go through Whole REPORT

At 09:25 am, the stock was buying and selling around one.seven for every cent increased at Rs 198.50. In

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