ITC rises on tying up with Linde India to import cryogenic containers to transport oxygen
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
ITC is currently trading at Rs. 205.80, up by 0.45 points or 0.22% from its previous closing of Rs. 205.35 on the BSE.
The scrip opened at Rs. 206.00 and has touched a high and low of Rs. 206.80 and Rs. 204.90 respectively. So far 198694 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 239.15 on 09-Feb-2021 and a 52 week low of Rs. 157.10 on 08-May-2020.
Last one week high and low of the scrip stood at Rs. 207.40 and Rs. 200.75 respectively. The current market cap of the company is Rs. 253685.28 crore.
The Institutions and Non-Institutions holding in the company stood at 55.29% and 44.71% respectively.
ITC has tied up with Linde India to import 24 cryogenic containers to transport medical oxygen. It is airlifting large numbers of oxygen concentrators for distribution, while its paperboards unit in Bhadrachalam has started supply of oxygen to neighbouring areas. The initiative is aimed at easing the bottleneck of transporting medical oxygen, and to support the government's efforts.
Many hospitals in different parts of the country are facing an acute shortage of oxygen as the devastating second wave of the pandemic sweeps across 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.
