ITC Ltd., integrated within the yr 1910, is a Large Cap firm (having a market cap of Rs 219460.33 Crore) working in Tobacco sector.
For the quarter ended 30-09-2020, the corporate reported a Consolidated gross sales of Rs 13147.81 Crore, up 35.24 % from final quarter Sales of Rs 9722.04 Crore and up 3.04 % from final yr identical quarter Sales of Rs 12759.44 Crore Company reported web revenue after tax of Rs 3418.69 Crore in newest quarter.
Stock has given a variety breakout with enormous candles. RSI index additionally gave a detailed above 60 for the primary time since August month, which is a bullish signal. We imagine the inventory will see enormous momentum within the coming days.
Promoters held zero per cent stake within the firm as of Sept 30, 2020, whereas FIIs held 13 per cent, DIIs 39.6 per cent and public and others 47.four per cent.