ITC gained 5.31% to Rs 158.65, extending its winning streak to third consecutive session.
The tobacco manufacturer has gained 7.78% in last three trading days from its previous closing low of Rs 147.20 posted on 16 March 2020.ITC has fallen 55.08% from its record high level of Rs 353.02 registered on 3 July 2017.
The World Health Organization (WHO) declared COVID-19 a global pandemic on 11 March 2020 as the new coronavirus has rapidly spread to more than 219,548 people from Asia to the Middle East, Europe and the United States. The uncertainty regarding the effect of the coronavirus epidemic impacted investor's sentiment.
ITC is engaged in the marketing of fast moving consumer goods (FMGC). The firm operates through four segments: FMCG; hotels; paperboards, paper and packaging, and agri business.
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