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As On 25-Jan-2022 EOD, Market Closed
SENSEX
57,858.15
366.64 (0.64%)
NIFTY
17,277.95
128.85 (0.75%)
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  • ITC jumps 11% in four days amid buzz of likely tieup with Amazon

    ITC rose 2.75% to Rs 256.20, extending recent gains on reports that e-commerce giant Amazon is planning to invest in ITC e-Choupal.

    Shares of ITC have risen 10.60% in four sessions from its recent closing low of Rs 231.65 on 8 October 2021.

    The stock hit a 52-week high of Rs 261.80 today. It has surged 56.79% from its 52-week low of Rs 163.40 hit on 29 October 2020. In the past one month, the stock has risen 18.65 % as against 5.30% rise in the Sensex.

    e-Choupal is an initiative of ITC to link directly with rural farmers via the Internet for procurement of agricultural and aquaculture products like soybeans, wheat, coffee, and prawns.

    e-Choupal tackles the challenges posed by Indian agriculture, characterized by fragmented farms, weak infrastructure and the involvement of intermediaries. The programme installs computers with Internet access in rural areas of India to offer farmers up-to-date marketing and agricultural information. The system saves procurement costs for ITC.

    While the farmers benefit through enhanced farm productivity and higher farm gate prices, ITC benefits from the lower net cost of procurement (despite offering better prices to the farmer) having eliminated costs in the supply chain that do not add value.

    ITC is engaged in the marketing of fast-moving consumer goods (FMGC). The firm operates through four segments: FMCG; hotels; paperboards, paper and packaging, and agri business. ITC is the market leader in cigarettes in India. The conglomerate reported 28.6% rise in standalone net profit to Rs 3,013.49 crore on 37.3% rise in net sales to Rs 12,142.43 crore in Q1 FY22 over Q1 FY21.

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Flash News 25-Jan-2022
  •  ( 15:59) SEBI bars executive director of Lux Inds, 13 others in insider trading case  
  •  ( 15:56) Indices end five-day losing trend after a choppy intraday trade  
  •  ( 14:38) Indices yield minor gains, recovering sharply from morning lows  
  •  ( 14:33) Maruti Suzuki Q3 PAT drops 48% YoY  
  •  ( 14:29) IFCI board OKs preferential allotment of Rs 100 cr to GoI  
  •  ( 13:16) Symphony Q3 PAT slips 22% YoY to Rs 21 cr  
  •  ( 12:55) Shriram Transport Finance Q3 PAT falls 6% YoY despite higher NII  
  •  ( 12:53) Apollo Tricoat Tubes Q3 FY22 PAT down 26.8% Y-o-Y to Rs 27.73 cr  
  •  ( 12:17) Sudarshan Chem. consol. Q3 FY22 PAT down 7.07% Y-o-Y to Rs 36.38 cr  
  •  ( 11:42) Chennai Petro records PAT of Rs 229 crore in Q3  
  •  ( 11:38) Indices extend minor losses; The Nifty heads towards 17,100 level  
  •  ( 10:46) SBI Cards Q3 PAT jumps 84% YoY to Rs 385 cr  
  •  ( 10:38) The Nifty re-claims 17,000 level  
  •  ( 10:37) Indices extend minor losses, despite quick recovery from morning's fall  
  •  ( 10:30) BPCL wins bid for city gas distribution networks  
  •  ( 09:45) Quick Heal Tech Q3 PAT rises 6% YoY to Rs 14 cr  
  •  ( 09:40) Equities make a weak start as market drifts lower; Nifty slips from 17,000  
  •  ( 09:31) Music Broadcast Q3 PAT soars to Rs 9.01 cr  
  •  ( 09:29) Craftsman Auto Q3 PAT declines 13% YoY to Rs 37.6 cr  
  •  ( 09:24) Burger King India records loss of Rs 15 crore in Q3  
  •  ( 09:18) IEX Q3 PAT rises 38% YoY to Rs 80 cr  
  •  ( 08:54) Hero Motocorp to infuse Rs 700 crore in Hero FinCorp  
  •  ( 08:44) Asian stocks trading lower  
  •  ( 08:22) US stocks mount stunning comeback on Monday  
Show News
25 January 2022 00:00
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3770.10
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7101.35
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562.85
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