ITC Shares Maintain Uptrend for Third Straight Session

ITC Shares Extend Gains for Third Consecutive Session

ITC shares continued their upward trajectory on Friday, buoyed by strong buying interest in FMCG and cigarette shares. The company's stock rose 2.16 percent, reaching an intraday high of Rs 309.95 per share on the National Stock Exchange (NSE).

This buying interest was part of a broader rally in FMCG shares, with the Nifty FMCG Index emerging as the top sectoral gainer. The index recorded a significant gain of 2.4 percent, with all its constituents trading in the green. Notably, the index has risen for three consecutive sessions, resulting in a nearly 5 percent increase during this period.

In addition to the strong market performance, ITC has made a notable achievement by becoming the first company in India to receive the globally recognized Farm Sustainability Assessment (FSA 3.0) certification for wheat and paddy sourcing. This certification underscores the company's commitment to building responsible, traceable, and globally competitive agricultural value chains, while enhancing market access for Indian farmers.

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The FSA 3.0 framework, developed by the Sustainable Agriculture Initiative Platform, is used by global food and agri companies to assess sustainability across their supply chains. This achievement reinforces ITC's dedication to sustainability and responsible sourcing practices.

The buying interest in cigarette stocks was also evident, with Godfrey Phillips India trading higher during the session. This was in response to VST Industries' reported sharp rise in net profit in the March quarter, although the exact figure is not provided.