As Union Budget for 2019-20 is announced, the share price of ITC rose by 0.58 percent and opened at 277.65. The stocks closed at 280.25
The BSE group ‘A’ stock of face value Re 1 has touched a 52-week high of Rs 322.70 on 3 September 2018 and a 52-week low of Rs 258.90 on 28 June 2018.
Follow all latest updates from Union Budget 2019 here.
The stock has just returned nearly 4% to investors in the last one year, compared with a 12% rise in the benchmark Nifty. The Institutions and Non-Institutions held 55.24% and 44.76% stake, respectively, in the company.
ITC recently launched its new super-premium luxury hotel in Kolkata-the ITC Royal Bengal. The 456 keys ITC Royal Bengal is ITC Hotel’s 14th Luxury Collection hotel in India and is a befitting tribute to the timeless traditions and royal heritage of Bengal, which has been ITC’s headquarters for over a 100 years.
ITC also said it is looking at managed hotel properties outside the country, as part of its asset-right strategy for this vertical. The company is eyeing such properties in adjacent markets like Bangladesh.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
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