ITC Ltd Surpasses Rs 6 Lakh Crore Market Cap

20 Jul 2023 , 02:16 PM

ITC Ltd, an Indian company, achieves a significant milestone. Becomes the seventh listed company in India to cross Rs 6 lakh crore market cap mark.

Shares rallied over 48 % this year, driving the achievement. Stock hits a record high of Rs 489 per share, gaining 2 % intraday.

ITC joins Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, Hindustan Unilever, and Infosys in this elite club. ITC’s business segments, including cigarette, FMCG, paper, and hotels, attract investors.

Strong operational performance, double-digit growth in cigarette volume, and hotels business recovery add to its attractiveness for investors. ITC emerges as a compelling choice for investors seeking reliable and steady returns, especially during uncertain economic conditions.

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