Saturday, 26 May 2012

ITC net profit rose better than expected

ITC's 4th quarter net profit rose a better-than-expected 26% year-on-year to Rs 1,614 crore. While overall the company continues to be driven by cigarettes, quarterly earnings were also boosted by higher other income and lower losses in the other FMCG business.
ITC is getting strong support at the 50 EMA level , so ifs it crossed 239.5 then the net target will be 246

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