ITC outperforms benchmark on strong earnings hope; stock up 2%

ITC will announce its Q4 results and declare final dividend on May 18, 2022.

Shares of ITC traded 2 per cent higher at Rs 267.25 on the BSE in Friday’s intra-day trade in an otherwise weak market. The surge comes on the back of healthy earnings expectation due to improved cigarette volumes and announcement of dividend. In comparison, at 10:22 am, the S&P BSE Sensex was down 1.8 per cent at 54,695 points.

"A meeting of the board of directors of the company has been convened for May 18, 2022, to consider audited financial results for the quarter ended March 31, 2022. The board will also consider the recommendation of final dividend for