ITC regains Rs 4-trillion m-cap after 5 years; stock surges 50% in 6 months

ITC's market cap had last touched the Rs 4-trillion feat on July 14, 2017, when it was Rs 4.10 trillion on closing level basis

ITC, the biggest cigarette maker, and the second largest fast moving consumer goods (FMCG) company in India, regained the market capitalisation (market cap) of Rs 4 trillion on Friday as rally in the stock continued on the bourses.

Shares of ITC hit an over five-year high of Rs 323.40 as they gained 2 per cent on BSE in the intra-day trade today, amid expectation of strong earnings growth. In the past six months, the stock has zoomed 50 per cent, as compared to 6 per cent rise in the S&P BSE Sensex. Thus far in the calendar year 2022,