DSIJ Mindshare

ITC, engaged majorly in cigarette making zooms more than 5 per cent in Friday’s trade after it posted robust Q1 results on Thursday post market hours.The stock witnessed a breakout in a range of 250 to 290 depicted by a significant Bullish Candle, huge volumes and 14-period RSI surge from 53 to 71 on weekly time frame.

The company will acquire the global aluminium player for US$ 2.58 billion through its wholly-owned subsidiary Novelis Incorporated.

Overall volumes in futures & options currently stand at 1.87 crore contracts with a turnover of Rs. 17,81,228.45 crore.

Overall volumes in futures & options currently stand at 1.87 crore contracts with a turnover of Rs. 17,81,228.45 crore.

EBITDA for the quarter rose by 115.6 per cent yoy to Rs. 80.4 crore with a corresponding margin expansion of 462 bps. EBITDA margin for the quarter stood at 9 per cent.