ITC gained 1.56% to Rs 189.25 at 12:39 IST on BSE on reports ITC Infotech, a $100 million, wholly-owned subsidiary of ITC, is set to pull out of its business process outsourcing equal joint venture with US-based Sitel Corporation.
The stock hit a high of Rs 191 and a low of Rs 186 so far during the day. The stock had a 52-week high of Rs 239.40 on 8 January 2008 and a 52-week low of Rs 151.70 on 21 August 2007.
The large-cap company had outperformed the market over the past one month till 25 June 2008, declining 10.88% compared to the Sensex’s decline of 12.63%. It had also outperformed the market in the past one quarter, declining 6.85% compared to Sensex’s decline of 11.21%.
The company has an equity capital of Rs 376.86 crore. Face value per share is Rs 1.
The current price of Rs 189.25 discounts its Q4 March 2008 annualised EPS of Rs 7.81, by a PE multiple of 24.23.
ITC’s net profit rose 13.1% to Rs 735.64 crore on 16.7% growth in net sales to Rs 3934.39 crore in Q4 March 2008 over Q4 March 2007.
ITC has a diversified presence in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, greeting cards, safety matches and other fast moving consumer durable (FMCG) products.
The large-cap company had outperformed the market over the past one month till 25 June 2008, declining 10.88% compared to the Sensex’s decline of 12.63%. It had also outperformed the market in the past one quarter, declining 6.85% compared to Sensex’s decline of 11.21%.
The company has an equity capital of Rs 376.86 crore. Face value per share is Rs 1.
The current price of Rs 189.25 discounts its Q4 March 2008 annualised EPS of Rs 7.81, by a PE multiple of 24.23.
ITC’s net profit rose 13.1% to Rs 735.64 crore on 16.7% growth in net sales to Rs 3934.39 crore in Q4 March 2008 over Q4 March 2007.
ITC has a diversified presence in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, greeting cards, safety matches and other fast moving consumer durable (FMCG) products.
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