Shares of ITC today ended 1 per cent higher after the company reported 7.37 per cent rise in standalone net profit for first quarter ended June 30.
The stock gained 0.90 per cent to settle at Rs 291.25 on BSE. Intra-day, it went up by 2.16 per cent to Rs 294.90.
At NSE, shares of the company rose 1 per cent to end at Rs 291.55.
The company's market valuation rose by Rs 3,440.97 crore to Rs 3,54,212.97 crore.
In terms of volume, 13.29 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.
Diversified conglomerate ITC yesterday reported 7.37 per cent rise in standalone net profit to Rs 2,560.50 crore for June quarter, driven mainly by revenue growth from FMCG and cigarettes business.
The company had posted a net profit of Rs 2,384.67 crore for April-June quarter a year ago, ITC said in a BSE filing.
ITC's net sales during the period under review was up 4.29 per cent to Rs 13,722.21 crore as against Rs 13,156.68 crore in the corresponding quarter of previous fiscal.
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