ITC shares fall ahead of Q3 results
Source: IRIS | 21 Jan, 2015, 12.35PM
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Rating: NAN / 5 stars. |
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FMCG major ITC, witnessed a fall in share price on Wednesday as the company is going to announce its third quarter earnings today. The company is likely to post a net profit of Rs 26 billion in the third quarter against a net profit of Rs 23.85 billion in the year-ago period. Net sales are seen increasing to Rs 97 billion from Rs 86.23 billion in the corresponding quarter last fiscal. Shares of the company declined Rs 7, or 1.89%, to trade at Rs 364.20 at the BSE (12.27 p.m., Wednesday).
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