Company Profile

ITC LTD.

NSE : ITCBSE : 500875ISIN CODE : INE154A01025Industry : Cigarettes/TobaccoHouse : ITC - MNC
BSE207.951.25 (+0.6 % )
PREV CLOSE (Rs.) 206.70
OPEN PRICE (Rs.) 208.45
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 390955
TODAY'S LOW / HIGH (Rs.)206.50 209.25
52 WK LOW / HIGH (Rs.)157.1 239.15
NSE207.95 1.25 (+0.6 % )
PREV CLOSE(Rs.) 206.70
OPEN PRICE (Rs.) 208.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 207.95 (104962 )
VOLUME 13311926
TODAY'S LOW / HIGH(Rs.) 206.50 209.25
52 WK LOW / HIGH (Rs.)157.1 239.2

Company News

Date Heading Details
01-Apr-2021 Announcement under Regulation 30 (LODR)-Scheme of Arrangement Further to our letters dated 4th September, 2020 and 30th September, 2020 on the subject, we write to advise in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Scheme of amalgamation of Sunrise Foods Private Limited (Sunrise) with the Company (the Scheme) has been sanctioned by the Hon'ble National Company Law Tribunal, Kolkata Bench. Certified copies of the said Order have been filed today with the Registrar of Companies, West Bengal, both by the Company and Sunrise. Consequent to the above, the Scheme has become effective from today, i.e. 1st April, 2021. Further, the two subsidiaries of Sunrise viz., Hobbits International Foods Private Limited and Sunrise Sheetgrah Private Limited have become direct wholly owned subsidiaries of the Company with effect from the said date.
23-Mar-2021 ITC signs MoU with Government of Karnataka <p align="justify">ITC has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to execute a Watershed Development Programme, covering over 1 million acres and 100 watersheds in across the state.</p><p align="justify">The MoU is a part of ITC's Sustainability 2.0 agenda which encompasses forging meaningful public-private-people partnerships to amplify impact and reach. It also aims at building the climate resilience of farmers by ensuring water security.</p><p align="justify">ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.<br></p>
23-Mar-2021 Bharti Airtel, Maruti Suzuki and Gayatri Highways to see some action today <p align="justify"><strong>Bharti Airtel</strong> has further agreed for acquisition of additional 2,914,100 equity shares, approximately 3.33 percent, in Avaada MHBuldhan, a special purpose vehicle formed for the purpose of owning and operating captive power plant, in terms of the regulatory requirement for captive power consumption under electricity laws. The transaction is expected to be completed by April 30. </p><p align="justify"><strong>Maruti Suzuki India</strong> is going to increase the prices of vehicles in April 2021. This price increase shall vary for different models. Over the past year the cost of company's vehicles has been impacted adversely due to increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in April, 2021.</p><p align="justify"><strong>Gayatri Highways</strong> has proposed to acquire 12.71% of Equity Share Capital in HKR Roadways from the Existing Shareholder of the HKR Roadways. The Existing Shareholder of HKR Roadways has agreed for sale of their equity shareholding to Gayatri Highways 5,89,997 fully paid up equity shares of face value of Rs 10 each aggregating to Rs 58,99,970. As Gayatri Highways is engaged in infrastructure industry, the investment in HKR Roadways would be very beneficial for the future growth prospects.</p><p align="justify"><strong>Sundaram Finance Holdings</strong> has received approval from board of directors for the acquisition of 650 equity shares of Rs 1,00,000 each, representing 6.84% in Flometallic India (FIPL), a company engaged in the manufacture of iron castings, for the automotive industry, from the individual shareholders of FIPL for a total consideration not exceeding Rs 13,00,00,000, excluding stamp duty, applicable taxes and other expenses, if any. The proposed transaction is likely to be completed by end of June 2021. After this proposed acquisition, company's stake in FIPL will increase from 40.00% to 46.84%.</p><p align="justify"><strong>Havells India</strong> is expecting good sales of its fan business this summer and is also providing innovative solutions in the segment. The company, which has already attained pre-COVID levels and reported growth in sales of fans in the third quarter, expects to continue the growth momentum. The company is betting on the premium category fans, which are Rs 3,000 and above and are nearly 8-10 percent of the market share. The company has geared up new launches in the segment to harness the sales potential of premium fans, which are largely driven by the replacement market.</p><p align="justify"><strong>HCL Technologies</strong> (HCL) has declared its support for RISE with SAP, an offering by SAP that helps clients take their business-critical elements into the cloud, thereby accelerating their digital transformation and the value realization of their investments on their journey to becoming an “intelligent enterprise.” HCL's partnership with SAP will enable organizations to move to the cloud SaaS model of RISE with SAP using HCL's digital and application capabilities, while leveraging their existing investments in SAP configuration and extensions.</p><p align="justify"><strong>ITC</strong> has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to execute a Watershed Development Programme, covering over 1 million acres and 100 watersheds in across the state. The MOU is a part of ITC's Sustainability 2.0 agenda which encompasses forging meaningful public-private-people partnerships to amplify impact and reach. It also aims at building the climate resilience of farmers by ensuring water security.<br></p>
22-Mar-2021 Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS In terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to advise that the Company on 20th March, 2021 issued and allotted 9,74,460 Ordinary Shares of Re. 1/- each, upon exercise of 97,446 Options by Optionees under the Company's Employee Stock Option Schemes. Consequently, with effect from 20th March, 2021, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 1230,88,44,231 /- divided into 1230,88,44,231 Ordinary Shares of Re. 1/- each.
20-Mar-2021 ITC informs about allotment of ESOP <DIV align=justify><SPAN>ITC has informed that the Company on 20th March, 2021 issued and allotted 9,74,460 Ordinary Shares of Re 1 each, upon exercise of 97,446 Options by Optionees under the Companys Employee Stock Option Schemes. Consequently, with effect from 20th March, 2021, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 1230,88,44,231&nbsp; divided into 1230,88,44,231 Ordinary Shares of Re 1 each.</DIV><SPAN><DIV align=justify><BR></DIV><DIV align=justify><SPAN>The above information is a part of company's filings submitted to BSE.</DIV><DIV align=justify><BR></DIV>
18-Mar-2021 Clarification On News Item We write to advise that the news item under reference is speculative in nature. We draw your attention that if and when there is any material development with respect to the affairs of the Company, the Stock Exchanges are kept advised, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Company's Policy for determination of materiality of events and information for disclosure to the Stock Exchanges.
17-Mar-2021 Clarification sought from ITC Ltd The Exchange has sought clarification from ITC Ltd on March 17, 2021, with reference to news appeared in www.zeebiz.com dated March 17, 2021 quoting "ITC share price big breakout check what market experts say on this rally." The reply is awaited.
10-Mar-2021 ITC's arm recognized as 'Innovator' in Avasant's RadarView on Intelligent Automation Services <P align=justify>ITC Infotech, a wholly owned subsidiary of ITC, has distinguished itself as an 'Innovator' in Avasant's RadarView on Intelligent Automation Services 2020-2021.<P align=justify>Avasant evaluated 45 technology service providers across three dimensions: practice maturity, partnership ecosystem, and investments and innovation, as part of this research. Of those 45 providers, Avasant recognized the top 24 companies which delivered the most value to the market during the past 12 months in supporting the enterprise adoption of intelligent automation, in this RadarView.<BR><P align=justify>ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.<BR>
25-Feb-2021 Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS In terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to advise that the Company on 25th February, 2021 issued and allotted 25,08,020 Ordinary Shares of Re. 1/- each, upon exercise of 2,50,802 Options by Optionees under the Company's Employee Stock Option Schemes. Consequently, with effect from 25th February, 2021, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 1230,78,69,771/- divided into 1230,78,69,771 Ordinary Shares of Re. 1/- each.
15-Feb-2021 ITC rises on the bourses <P align=justify>ITC is currently trading at Rs. 218.55, up by 1.10 points or 0.51% from its previous closing of Rs. 217.45 on the BSE.<P align=justify>The scrip opened at Rs. 219.70 and has touched a high and low of Rs. 221.00 and Rs. 217.50 respectively. So far 1124010 shares were traded on the counter.<P align=justify>The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 239.15 on 09-Feb-2021 and a 52 week low of Rs. 134.95 on 13-Mar-2020.<P align=justify>Last one week high and low of the scrip stood at Rs. 239.15 and Rs. 215.80 respectively. The current market cap of the company is Rs. 270102.69 crore.<P align=justify>The Institutions and Non-Institutions holding in the company stood at 56.25% and 43.75% respectively<P align=justify>ITC has reported a fall of 11.57% in its net profit at Rs 3662.85 crore for the quarter ended December 31, 2020 as compared to net profit at Rs 4141.93 crore for the same quarter in the previous year. However, total income of the company increased by 4.27% at Rs 13551.39 crore for Q3FY21 as compared Rs 12996.63 crore for the corresponding quarter previous year.<P align=justify>On the consolidated basis, the company has reported a fall of 11.29% in its net profit attributable to owners at Rs 3526.55 crore for the quarter ended December 31, 2020 as compared to net profit at Rs 3975.54 crore for the same quarter in the previous year. However, total income of the company increased by 5.08% at Rs 14670.17 crore for Q3FY21 as compared Rs 13960.50 crore for the corresponding quarter previous year.