ITC rises as its Agri Business Division enters into partnership with Hyundai Motor India
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ITC is currently trading at Rs. 390.80, up by 2.60 points or 0.67% from its previous closing of Rs. 388.20 on the BSE.
The scrip opened at Rs. 384.20 and has touched a high and low of Rs. 392.50 and Rs. 384.20 respectively. So far 368794 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 394.00 on 23-Feb-2023 and a 52 week low of Rs. 220.10 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 392.45 and Rs. 373.50 respectively. The current market cap of the company is Rs. 485016.29 crore.
The Institutions and Non-Institutions held 85.23% and 14.78% stake in the company, respectively.
Hyundai Motor India has entered into a partnership with FMCG major ITC's Agri Business Division to strengthen its brand presence in rural markets. Under the partnership, the automaker will promote its model line-up on ITC's extensive agro and rural platforms to enhance brand recall in rural pockets. This association is aimed at strengthening HMIL's brand resonance and association with potential customers across the hinterland of India.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
