ITC will announce its quarterly earnings report for the quarter that ended in March, 2023 on May 18. ITC's Board of directors' meeting will consider and recommend Final dividend on May 18 and is also expected to announce the dividend date as well.
Company shares closed 1.74% lower at ₹423.90 apiece on BSE on Tuesday. The FMCG giant amused investors by breaking its 52-week-high record multiple times in last one month. Its share market rally helped ITC to topple two index-heavy weight and progress in the list of 10 biggest mcap firms. ITC outpaced Infosys to become the sixth largest mcap firm last month. The achievement came after the FMCG giant beat HDFC in terms of market capitalisation in the same month.
“A Meeting of the Board of Directors of the Company has been convened for Thursday, 18th May, 2023, inter alia, to consider and approve the Audited Standalone and Consolidated Financial Results of the Company along with the Segment-wise Revenue, Results, Assets and Liabilities for the Quarter and Twelve Months ended 31st March, 2023, the Balance Sheet as on that date, the Cash Flow Statement for the financial year ended on that date and the Notes thereto,and (b) consider and recommend Final Dividend for the financial year ended 31st March, 2023."
Due to the stock rally, ITC's share value has increased by 27.39 per cent YTD and 61.21 per cent in last one year. Last week, the company acquired 2,443 equity shares and 7,215 compulsorily convertible preference shares of Sproutlife Foods Private Limited.
This article taken by livemint.com
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