Wednesday, 8 February 2017

ITC hits 52-week high on SUUTI stake selling

Ripples Advisory Private Limited, Indore @9303093093

Shares of FMCG major ITC jumped over 5 per cent, hitting 52-week high, on the Bombay Stock Exchange after the Specified Undertaking of the Unit Trust of India (SUUTI) sold 2 per cent stake in the company through block deals. Boosted by the development, shares of company gained as much as 5.62 per cent and touched 52-week high of Rs 291.95 apiece in intraday trade on Bombay Stock Exchange. 

In a similar fashion, stocks of firm advanced 0.72 per cent to Rs 278.80 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 28,378.59, down 60.69 points, or 0.21 per cent.

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