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Market LIVE: Sensex, Nifty trade flat amid volatility; Torrent Power up 6%.
Sensex, Nifty opened flat on Friday Share Market LIVE Updates: Benchmark Indian equity indices opened flat amid high volatility on Friday. On Thursday, the Sensex ended the day at 58,788.02, 1.29% lower. The Nifty closed the day at 17,560.20, down 219.80 points as weak global cues spooked the investors.
Indian indices witnessed a flat start on Friday. The indices, on Thursday, fell over 1.2% snapping a three-day three sessions of gains. In the US, the Wall Street too ended a four-day winning on run Thursday as Facebook-owner Meta’s stock tumbled 26.4%, wiping out over $200 billion. All the three key US benchmark indices ended lower. In Asia, shares in South Korea and Hong Kong advanced, while Japan and Australia saw a decline in their positions.
ITC Q3 net profit rises 15% to ₹4,056 cr, declares interim dividend
On Thursday, ahead of the results, ITC scrip closed 0.58% higher at ₹233.50 on NSE.
ITC Q3 results: The cigarette-to-hotel conglomerate’s revenue from operations surged 30% to ₹18,365 crore for the period under review
The hotels business swung bank into profit (before the taxes) at ₹53 crore
ITC Ltd today reported a consolidated net profit of ₹4,056 crore for the third quarter ending 31 December, 2022. This is an increase of 15% from ₹3,526 crore clocked in the corresponding quarter of last year.
On a sequential basis, the profit after tax (PAT) grew by 9% from ₹3,713 crore in the September quarter.
The cigarette-to-hotel conglomerate’s revenue from operations surged 30% to ₹18,365 crore for the period under review as against ₹14,124 crore a year ago.
The company’s board has also approved an interim dividend of ₹5.25 per share for the current financial year.
The company has fixed Tuesday, 15 February, 2022 as the record date for the purpose of determining entitlement of the members for interim dividend and it will be paid on 4 March.
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