ITC’s market cap declines to ₹5,98,026 crore – Know More

ITC Limited, one of India’s largest conglomerates, saw its market capitalization stand at ₹5,98,026 crore after a slight increase in its share price on November 8, 2024. The shares of ITC closed at ₹478.05, reflecting a marginal uptick of 0.03% from the previous close of ₹477.90.

Performance Snapshot:

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  • Market Cap: ₹5,98,026 crore
  • Open: ₹477.90
  • Close: ₹478.05
  • Day’s High: ₹480.70
  • Day’s Low: ₹474.60

Recent Investment News

On November 6, 2024, ICICI Lombard General Insurance Company Ltd acquired a notable stake in ITC, investing ₹245 crore to secure a 0.05% holding. This transaction was part of ICICI Lombard’s regular investment activities, and it doesn’t involve any related-party transactions, as clarified by the company.

ITC, established in 1910, operates across diverse sectors including FMCG, cigarettes, hotels, paperboards, and agribusiness. The conglomerate reported a revenue of ₹76,840 crore for the fiscal year 2023-24.

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