|Stock Name : ITC/Tips Open||Buy : 226||Posted Date : Mar 22, 2021|
|Stopless : 208||Target : 251|
About the company:
ITC Limited is a diversified conglomerate with businesses spanning Fast Moving Consumer Goods comprising Foods,Personal Care, Cigarettes and Cigars, Branded Apparel, Education & Stationery Products, Incense Sticks and Safety Matches; Hotels, Paperboards and Packaging, Agri Business and Information Technology. Established in 1910 as Imperial Tobacco Company of India Limited, the name of the company was changed to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974. The Company now stands rechristened. ITC Limited, where is today no longer an acronym or an initialized form as ITC's multi-business portfolio encompassing a wide range of businesses.
ITC employs over 30,000 people at more than 60 locations across India. ITC Ltd sells 81% of the Cigarettes, Bidi in Asia, where 275 million people use tobacco products and the total cigarette market is worth close to $11 billion (approx. Rs. 757399.4 million).ITC's major cigarette brands include Wills Navy Cut, Gold Flake Kings, GoldFlake Premium lights, Gold Flake Super Star, Insignia, India Kings, Classic (Verve, Menthol, Menthol Rush, Regular,Citric Twist, Ice Burst, Mild & Ultra Mild), 555, Silk Cut, Scissors, Capstan, Berkeley, Bristol, Lucky StrikePlayers,
Flake and Duke & amp; Royal .ITC is also India’s largest seller of branded foods, it is present across 6 categories in the food business including snack foods, ready-to-eat meals, fruit juices, dairy products and confectionery. ITC’s brands include Aashirvaad, B natural, Sun feast, Candyman, Bingo and Yippee.ITC's Hotels division is India’s second-largest hotel chain with over 90 hotels throughout India.
Management: Sanjiv Puri is the Chairman & Managing Director
Other Institutions: 33.6%
Dividend: ITC has declared an equity dividend of 1015.00% amounting to Rs 10.15 per share for the year ending March 2020.
Sales Report: For the latest quarter (31-12-2020), ITC limited has reported a Consolidated Total Income of Rs 14,670.17 Crore, which is up 6.85 % from last quarter Total Income of Rs 13,730.06 Crore and up 5.08 % from last year same quarter Total Income of Rs 13,960.50 Crore.ITC reported a consolidated net profit of Rs 3,587.20 crore for the same quarter.
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