ITC gains 4% after March quarter results; most brokerages maintain ‘buy’

Shares of ITC, the diversified conglomerate, obtained as significantly as four for every cent to Rs 203 apiece on the BSE on Monday after the corporation on Friday documented a seven.seventy five for every cent drop in its financial gain right before tax (PBT) at Rs four,743.47 crore for the quarter finished March 31. The tumble in PBT was because of to a sharp drop in intake, specifically in rural regions because of to the Covid-19 pandemic.

The corporation posted a four.ninety three for every cent drop in its income from operations at Rs 12,560.64 crore during the quarter.

ITC’s web financial gain, having said that, rose nine.18 for every cent to Rs 3,926.72 crore, owing to tax adjustments subsequent the reduction in corporate tax prices very last yr. Click on Here TO Study Whole REPORT

At 09:twenty five am, the stock was investing over 1.seven for every cent larger

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