ITC Limited helps Nifty, Sensex gain
DSIJ Intelligence / 03 Jul 2017
ITC Limited,FMCG heavyweight, is star performer of the day. The stock has contributed most to the gains of Nifty and Sensex.
ITC Limited,FMCG heavyweight, is star performer of the day. The stock has contributed most to the gains of Nifty and Sensex.
The market capitalisation of ITC Limited as of June 30, 2017 on BSE stood at Rs 3,93,393 crore. The stock was up by 9.06% touching its record high of Rs 353.2 per share. As per this record high, the market capitalisation of ITC stands at Rs 4,29,045.56 crore.
Lower taxes on cigarettes under the Goods and Services Tax regime is boosting up the stock price of heavyweight, ITC Limited. The recent news posted by the leading news agency reports that there would be no additional excise duty on cigarettes.
Nifty FMCG index has also touched its record high of 28267.5 level higher by 1515 points marking biggest intraday gains by the index.
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