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25 May 2017

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ITC Ltd (Cigarettes)

Last Price 299.90
Net Changes -0.25
Volume 9457848
Prev Close 300.15
299.90 -0.25 (-0.08%)
Date: May 24,2017 EOD




Index Details Cigarettes


Chart

Stock Price Details

Market Statistics

Open Price 300.1 Div Yield (%) 1.88
Buy (Size) 0.00(×0) Eps(Rs) 8.16
Sell (Size) 0.00(×0) Book Value(Rs) 32.2532994
Buy Quantity 0 Market Cap(Rs.Cr) 364360.76
Sell Quantity 0 Face Value(Rs) 1
Today's High 302 Market Lot 1
Today's Low 297.9 AGM Date Jul
52-Week High 304.9 Book Closure Date Jun
52-Week Low 222.05 ISIN No. INE154A01025

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign 2525940675 20.79
Total Institutions 4339148802 35.72
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 4080468180 33.59
Total Promoters 0 0.00
Total Public & others 1201825414 9.90
Total 12147383071 100

Company News

22-May-2017  ITC jumps 8.73% in two sessions on GST boost
ITC jumps 8.73% in two sessions on GST boost

Shares of ITC had gained 2.82% to Rs 285.90 on Friday, 19 May 2017 after the Goods & Services Tax (GST) council announced the tax rates for the various items on 18 May 2017. The stock has jumped 8.73% in two sessions to its ruling price of Rs 302.35 from a close of Rs 278.05 on 18 May 2017.

Meanwhile, the S&P BSE Sensex was up 145.83 points, or 0.48% to 30,610.75.

Higher than usual volumes were witnessed on the counter. On the BSE, 20.65 lakh shares were traded on the counter so far as against the average daily volumes of 11.97 lakh shares in the past one quarter. The stock had hit a high of Rs 302.40 in intraday trade, which is also a record high. The stock had hit a low of Rs 291 so far during the day.

The stock had hit a 52-week low of Rs 215.40 on 19 May 2016. The stock had underperformed the market over the past one month till 19 May 2017, rising 2.44% compared with the 3.85% rise in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 6.58% as against Sensex's 7.01% rise.

The large-cap company has equity capital of Rs 1214.74 crore. Face value per share is Re 1.

The cess on cigarettes under GST tax rate was reportedly tax neutral for the company. The GST tax rate on cigarettes has been fixed at 28%, while a 5% cess and duty per stick will also be levied, bringing total tax incidence to the current range of 60%. Cigarette division contributed nearly two-thirds of ITC's total revenues.

ITC's hotel business will be taxed at a high 28%, however, reports said this was along the expected lines.

Shares of FMCG companies have been cheering on the bourses as the Goods & Services Tax (GST) council announced the tax rates for the various items on 18 May 2017. As per the GST tax rates announced, the impact is very positive for the FMCG companies and signals that the mass consumption items will be taxed lower.

The FMCG companies would witness the huge boost in its consumption since they now need to pay the lower taxes. GST council finalised lower GST rates for the FMCG products such as soaps, hair oil, edible oil and toothpaste among others.

Setting the stage for rollout of GST from 1 July, the Centre and states on 18 May 2017 decided on rates for specific products which may lead to lower prices for a majority of products of mass consumption.

The GST tax reform will subsume central and state levies such as excise duty, additional duties of customs, service tax, value added tax, central sales tax, entry tax, octroi and luxury tax and is expected to clean up the messy indirect tax structure.

ITC's net profit rose 5.7% to Rs 2646.73 crore on 4.1% increase in net sales to Rs 9149.31 crore in Q3 December 2016 over Q3 December 2015.

ITC is a diversified company, with presence in cigarettes, hotels, paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, information technology, branded apparel, personal care, stationery and other FMCG products. ITC is a market leader in cigarettes.

19-May-2017  ITC scales record high
ITC scales record high

Meanwhile, the S&P BSE Sensex was up 181.65 points, or 0.60% to 30,616.44.

On the BSE, 14.22 lakh shares were traded on the counter so far as against the average daily volumes of 11.74 lakh shares in the past one quarter. The stock had hit a high of Rs 295.50 in intraday trade, which is also a record high. The stock had hit a low of Rs 280.35 so far during the day.

The stock had hit a 52-week low of Rs 215.40 on 19 May 2016. The stock had underperformed the market over the past one month till 18 May 2017, falling 0.32% compared with the 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 3.65% as against Sensex's 6.91% gains.

The large-cap company has equity capital of Rs 1214.74 crore. Face value per share is Re 1.

Shares of FMCG companies have been cheering on the bourses as the Goods & Services Tax (GST) council has reportedly announced the tax rates for the various items yesterday, 18 May 2017. As per the GST tax rates announced, the impact is very positive for the FMCG companies and signals that the mass consumption items will be taxed lower.

The FMCG companies would witness the huge boost in its consumption since they now need to pay the lower taxes.

Setting the stage for rollout of GST from 1 July, the Centre and states reportedly yesterday, 18 May 2017 decided on rates for specific products which may lead to lower prices for a majority of products of mass consumption.

The idea is to ensure that the impact of GST is not inflationary. Rates on 1,211 items were finalised by the GST council with 81% facing a levy of up to 18%.

There are certain issues which are expected to be thrashed out today, 19 May 2017, when GST Council is also expected to finalise the rates for services. The council will decide on the levy for gold, biscuits, packaged and branded cereals, footwear, bidis and textiles.

The GST tax reform will subsume central and state levies such as excise duty, additional duties of customs, service tax, value added tax, central sales tax, entry tax, octroi and luxury tax and is expected to clean up the messy indirect tax structure.

ITC's net profit rose 5.7% to Rs 2646.73 crore on 4.1% increase in net sales to Rs 9149.31 crore in Q3 December 2016 over Q3 December 2015.

ITC is a diversified company, with presence in cigarettes, hotels, paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, information technology, branded apparel, personal care, stationery and other FMCG products. ITC is a market leader in cigarettes.

11-May-2017  Other announcement of ITC Ltd
Other announcement of ITC Ltd

We write to advise, in terms of Regulation 33(3)(b)(i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Company has opted not to submit consolidated quarterly and year-to-date financial results for the financial year 2017-18. The Company, however, will continue to submit standalone quarterly and year-to-date financial results for the said financial year.
12-Apr-2017  ITC Limited - Disc. under Reg.30 of SEBI (SAST) Reg.2011
ITC Limited - Disc. under Reg.30 of SEBI (SAST) Reg.2011

Tobacco Manufacturers (India) Limited has submitted to the Exchange a copy of disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
12-Apr-2017  ITC Limited - Appointment of Director
ITC Limited - Appointment of Director

ITC Limited has informed the Exchange that the Board of Directors at the meeting held April 11, 2017, appointed Mr. Ashok Malik as an Additional Non-Executive Director of the Company, representing the Specified Undertaking of the Unit Trust of India (SUUTI).
11-Apr-2017  Board of ITC appoints director
Board of ITC appoints director

The Board of Directors of ITC at its meeting held on 11 April 2017 has appointed Ashok Malik as an Additional Non-Executive Director of the Company, representing the Specified Undertaking of the Unit Trust of India.
11-Apr-2017  Other announcement of ITC Ltd
Other announcement of ITC Ltd

We write to advise that the Board of Directors at the meeting held today, i.e. 11th April, 2017, appointed Mr. Ashok Malik as an Additional Non-Executive Director of the Company, representing the Specified Undertaking of the Unit Trust of India (SUUTI). Brief profile and other details of Mr. Malik are given in the Annexure, as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular dated 9th September, 2015.
31-Mar-2017  Other announcement of ITC Ltd
Other announcement of ITC Ltd

We write to advise that the Trading Window for purchasing / selling or dealing in the shares of the Company (other than for exercise of Stock Options under the Company's Employee Stock Option Schemes) will be closed from 1st April, 2017 for Designated Employees (and their Immediate Relatives) in terms of the ITC Code of Conduct for Prevention of Insider Trading - 2015. The Trading Window will open 48 hours from the announcement to the Stock Exchanges of the Audited Financial Results for the year ending on 31st March, 2017.
31-Mar-2017  ITC Limited - Trading Window
ITC Limited - Trading Window

ITC Limited has informed the Exchange that the Trading Window for purchasing / selling or dealing in the shares of the Company (other than for exercise of Stock Options under the Company's Employee Stock Option Schemes) will be closed from 1st April, 2017 for Designated Employees (and their Immediate Relatives) in terms of the ITC Code of Conduct for Prevention of Insider Trading - 2015. The Trading Window will open 48 hours from the announcement to the Stock Exchanges of the Audited Financial Results for the year ending on 31st March, 2017.
27-Mar-2017  ITC declines after govt divests part stake
ITC declines after govt divests part stake

It was stated by Arjun Ram Meghwal, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha on Friday, 24 March 2017.

Meanwhile, the S&P BSE Sensex was down 159.71 points, or 0.54% to 29,261.69.

On the BSE, 45,097 shares were traded on the counter so far as against the average daily volumes of 11.98 lakh shares in the past one quarter. The stock had hit a high of Rs 281.20 and a low of Rs 276.40 so far during the day.

The stock had hit a record high of Rs 291.95 on 7 February 2017 and a 52-week low of Rs 204 on 6 May 2016. The stock had outperformed the market over the past one month till 24 March 2017, rising 5.78% compared with the 1.83% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 25.02% as against Sensex's 12.98% gains.

The large-cap company has equity capital of Rs 1214.74 crore. Face value per share is Re 1.

Government through specified undertaking of the Unit Trust of India (SUUTI) has divested 2% shares of the total shares of ITC to LIC through block trade on 7 March 2017. Government has received an amount of Rs 6682 crore from this transaction.

Disinvestment of Government of India equity is under taken as per the disinvestment policy of the GoI keeping in view the resource requirement of the Government and the prevailing market conditions. SUUTI had held 11.1% stake and LIC of India held 14.29% in ITC as on 31 December 2016, as per the shareholding pattern of the company.

ITC's net profit rose 5.7% to Rs 2646.73 crore on 4.1% increase in net sales to Rs 9149.31 crore in Q3 December 2016 over Q3 December 2015.

ITC is a diversified company, with presence in cigarettes, hotels, paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, information technology, branded apparel, personal care, stationery and other FMCG products. ITC is a market leader in cigarettes.

Incorporation Year 1910 
Registered Office Virginia House,37 Jawaharlal Nehru Road,
,
West Bengal-700071
Telephone 91-033-22886426 / 22880034 / 22889371 
Fax 91-033-22882259 / 22882260 / 1256 / 2358 
Chairman Yogesh Chander Deveshwar
Managing Director NA
Company Secretary Biswa Behari Chatterjee 
Auditor Deloitte Haskins & Sells 
Face Value(Rs)
Market Lot
Listing Kolkata,Luxembourg,MCX-SX,BSE,NSE 
Registrar ITC Ltd
Investor Serv Centre,37 Jawaharlal Nehru,Road,Kolkata - 700071 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS