ITC shares decline nearly 3% post Q4 results1 min read . Updated: 13 May 2019, 06:36 PM IST
- The scrip of the company declined 2.64% to close at ₹289.85 on the BSE
- At the NSE, shares also dipped 2.83% to close at ₹289.30
NEW DELHI: Shares of ITC fell nearly 3% on Monday despite the company reporting 18.72% increase in standalone net profit for the fourth quarter ended 31 March, 2019.
The scrip declined 2.64% to close at ₹289.85 on the BSE. During the day, it dropped 3.25% to ₹288.
At the NSE, shares dipped 2.83% to close at ₹289.30.
The company on Monday reported 18.72% increase in standalone net profit at ₹3,481.9 crore for the fourth quarter ended 31 March, 2019.
It had posted a net profit of ₹2,932.71 crore in January-March quarter a year ago.
The company also announced elevation of its MD Sanjiv Puri as the Chairman and Managing Director of the company.
This story has been published from a wire agency feed without modifications to the text.