Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
economy
September 2, 2022

ITC’s Market Valuation Rebounds To ₹4 Lakh Crore After 5 Years

Urvi Srivastava Financial Reporting BSE, FMCG, ITC, market, stocks

The company’s market capitalization last surpassed Rs 4 trillion on July 14, 2017, when it reached Rs 4.10 trillion on a closing level basis.

 Imperial Tobacco Company of India Limited (ITC), India’s largest cigarette manufacturer and second-largest fast-moving consumer goods (FMCG) business, recovered a market capitalization of Rs 4 trillion on Friday as the stock’s climb on the bourses continued.

The share price of ITC has touched a five-year high of Rs 323.15 in intraday trade today, rising 1.75 percent on the BSE amid expectations of robust earnings growth. The stock has increased by 50 percent in the last six months, compared to a 6 percent increase in the S&P BSE Sensex. The company has gained 47 percent so far in the calendar year 2022 compared to a 0.54 percent loss in the benchmark index.

According to BSE, ITC’s market valuation reached Rs 4.01 trillion at 2:17 pm before the market closed. The stock was up 1.75 percent at Rs 323.15, while the Sensex was up 0.06 percent. The counter experienced a surge in activity with average trading volumes more than tripling when compared to the previous 10-day volume. At the time of writing, a total of 21.23 million equity shares had traded on the NSE and BSE.

However, the company’s market capitalization last surpassed Rs 4 trillion on July 14, 2017, when it reached Rs 4.10 trillion on a closing level basis. ITC declared a record high market valuation of Rs 4.16 trillion on 3 July 2017. On the same day, the stock reached an all-time high of Rs 353 per share.

Avatar

Urvi Shrivastav

→ Urvi Shrivastav

Palki Sharma Upadhyay Bids Goodbye To WION Jharkhand Govt Resumes ‘Old Pension Scheme’

Related Posts

Mayank

Financial Reporting

Synergizing finance, strategy and management: The multipronged role of today’s CFO

NEC

Financial Reporting

NEC Corporation elevates India CFO Mayank Khandelwal to Head of Finance for Global Regional Headquarters and Country Affiliates

Screenshot 2023-04-18 190754

Financial Reporting

Ramesh Bafna Appointed As The New CFO Of Zepto; Succeeding Jitendra Nagpal

Selected Stories

  • MayankSynergizing finance, strategy and management: The multipronged role of today’s CFO

    Read more

  • NECNEC Corporation elevates India CFO Mayank Khandelwal to Head of Finance for Global Regional Headquarters and Country Affiliates

    Read more

  • Screenshot 2023-04-18 190754Ramesh Bafna Appointed As The New CFO Of Zepto; Succeeding Jitendra Nagpal

    Read more

  • Screenshot 2023-03-28 180755Infobip appoints Richard Kraska as Chief Financial Officer

    Read more

  • 1494568857_NoPMEQ_CFO-470CFO – From ‘Finance’ To ‘Futuristic’

    Read more

Movements

  • Screenshot 2023-03-28 180755Infobip appoints Richard Kraska as Chief Financial Officer
  • zUah2lDb_400x400Deloitte India Named Romal Shetty As CEO For Four-Year Term
  • cfo imageVishnuhari Pareek Named As Head Of Finance At Arkam Ventures
  • thumbnail_Sidharth1Siddharth Sehgal Is New CFO Of BeatO
  • Business men giving a handshake. Business conceptRamamurthy Becomes MD, CEO of BSE, SEBI approves appointment

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.