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ITC shares gain after earnings; valuations seen enticing

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Reuters
Last Updated : Jul 30 2014 | 2:47 PM IST

Reuters Market Eye - ITC shares gain around 1 percent a day after reporting better-than-expected April-June profit, with traders saying valuations are especially attractive.

The stock trading at 26.4 times 12-month forward earnings compared to an average of 36 times for domestic fast consumer goods makers, Thomson Reuters data shows.

(Reporting by Dipika Lalwani)

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First Published: Jul 30 2014 | 2:30 PM IST

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