ITC rose 1.14% to Rs 311.05 after the companys standalone net profit rose 38.4% to Rs 4,169 crore on 41.9% increase in net revenue to Rs 17,217 crore in Q1 June 2022 over Q1 June 2021.
According to Pankaj Chaudhary, a minister of state for finance, increasing the tax base, selling off assets, and increasing the efficiency and effectiveness of public spending are all steps being done to cut the deficit.
FMCG stocks were trading in the positive zone, with the S&P BSE FMCG Sector index rising 151.38 points or 0.98% at 15663.81 at 09:46 IST.
Power stocks were trading with gains, with the S&P BSE Power index increasing 41.15 points or 0.87% at 4753.72 at 09:46 IST.
Utilties stocks were trading in green, with the S&P BSE Utilities index rising 27.8 points or 0.71% at 3938.23 at 09:46 IST.
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