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Shares of diversified conglomerate ITC on Friday rose by over 2 per cent to touch a record high of Rs 299.20 intraday, after the company reported a 21.27 per cent jump in net profit for the second quarter this fiscal.
Defying a weak broader market, ITC shares ended at Rs 297.50, up 2.09 per cent on the BSE. During the day, the scrip jumped 2.67 per cent to a record high of Rs 299.20.
On the NSE, the stock closed 1.87 per cent up at Rs 297.05. Analysts said ITC’s results were better-than market estimates.
“ITC delivered a stellar set of numbers which was ahead of our estimates,” V Srinivasan, Research Analyst at Angel Broking, said.
In the broader market, the BSE benchmark Sensex closed at 18,682.31, down 109.62 points.
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