FMCG major ITC witnessed a rise in share price on Friday after the company announced a steady growth in standalone net profit for the quarter ended June 2016. During the quarter, the profit of the company rose 10.09% to Rs 23,846.70 million from Rs 21,660.90 million in the same quarter last year.
Revenues for the quarter rose 8.34% to Rs 132,531 million, compared with Rs 122,327 million for the prior year period.
Shares of ITC are trading at Rs 254.55, up Rs 3.9, or 1.56% at the Bombay Stock Exchange (BSE) on Friday at 9:31 a.m.
The scrip has touched an intra-day high of Rs 256 and low of Rs 251.90. The total volume of shares traded at the BSE is 256,049.
Total volume of shares traded on the bourses today was lower by 64.91% to 3,355,848 compared with 22-day average volume of 9,563,306.