ITC will be reporting its Q3FY25 earnings. The share price of ITC fell 1.37% to an intra-day low of Rs 442 on the National Stock Exchange. Here are 3 things to know about ITC share ahead of results –
ITC share price down over 16% from highs
The current market price of Rs 442 is 16.4% lower than the 52-week high of Rs 528.50, which it touched on September 27, 2024. ITC’s share price is 10.7% higher from its 52-week low of Rs 399.35, which it touched on March 12, 2024. The month has been volatile for the stock, depleting 0.02% of investors’ wealth. The FMCG major’s stock price has fallen 9% in the past six months. The share price of ITC, which recently de-merged its hotel business, has risen 2.5% in the past year.
ITC: Dividend history
The last time ITC declared a dividend was in the first quarter of the current financial year at Rs 7.50 per share. It was the final dividend. In Q4FY24, the company declared an interim dividend of Rs 6.25. In the past 12 months, the company has declared a dividend of Rs 13.75 per equity share.
Demerger of ITC Hotels
ITC Hotels was dropped from Sensex on February 05. The company was recently de-merged and listed last month. This will be the first quarter when ITC will report its quarterly results after de-merging its hotel business. ITC de-merged the ITC Hotels in a ratio of 1:10, meaning existing ITC shareholders received 1 ITC Hotels share for every 10 ITC shares. The cigarettes-to-FMCG conglomerate retained a 40% stake in ITC Hotels, with the remaining 60% distributed to shareholders.
» Read More
