Introduction
The stock market sector of cigarettes and tobacco has witnessed an incredible surge in the ITC share company. As part of this boom, the company has announced the establishment of a new factory. In this article, we will delve into the functioning of the company, its current position in the stock market, information about its returns, and details about the newly announced factory.
ITC Ltd.
ITC Ltd. was initially founded on August 24, 1910, under the name Tobacco Company India Limited. Later, in 1970, it was rebranded as India Tobacco Company Limited, and finally, in 1974, it became known as ITC Limited. Over the years, the company has expanded its operations to include FMCG, hotels, packaging, paperboard, special papers, and agribusiness.
In the FMCG sector, ITC share company manufactures a wide range of products, including foods, personal care items, educational supplies, lifestyle retailing, safety matches, and cigarettes. The company has also ventured into the hotel sector since 1975. Additionally, ITC Limited is planning to demerge the company.
Current Status of ITC Share
ITC share Company currently holds a market capitalization of INR 5,52,832.65 Crore. The company’s dividend yield stands at 3.44%, and it has a debt of INR 4.54 Crore. The promoter holding is 0%, and the company has recorded a free cash availability of INR 3,831.26 Crore. Furthermore, the company has achieved sales growth of 17.22% and profit growth of 24.54%.
Last 5 Years Return Information
ITC share company has delivered impressive returns over the years. In the last 6 months, the company provided a return of 12%. Over the past 1 year, the return stood at 34%, while it reached 33% in the last 3 years. In the last 5 years, the company generated a return of 7%. These returns indicate that ITC share is a stock that has shown significant growth in the short term, making it an attractive investment option for investors.
New Factory Announcement
According to the company’s announcement, ITC share is establishing a new factory in Sehore, Madhya Pradesh. The factory will focus on integrated food manufacturing, packaging products, and logistics. The total cost of this project is estimated to be INR 1500 crore. The Chairman of the company, Sanjeev Puri, stated that this initiative will boost employment opportunities in the construction, agriculture, and manufacturing sectors in Madhya Pradesh.
Disclaimer: The purpose of this news article is solely to provide information. Akhandindia.com.in does not provide investment advice or recommendations. Investing in the stock market involves risks, so it is advisable to seek expert guidance before making any investment decisions.
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