Meanwhile, the S&P BSE Sensex was down 179.22 points, or 0.56% to 31,630.33.

On the BSE, 1.84 lakh shares were traded in the counter so far, compared with average daily volumes of 11.71 lakh shares in the past one quarter. The stock had hit a high of Rs 281 and a low of Rs 276.25 so far during the day. The stock hit a record high of Rs 353.20 on 3 July 2017. The stock hit a 52-week low of Rs 222.05 on 26 December 2016.

The stock had outperformed the market over the past one month till 5 September 2017, rising 0.86% compared with 1.44% decline in the Sensex. The scrip had underperformed the market in past one quarter, falling 9.55% as against Sensex's 1.72% rise. The scrip had underperformed the market in past one year, rising 7.64% as against Sensex's 9.77% rise.

The large-cap company has equity capital of Rs 1218.03 crore. Face value per share is Re 1.

According to reports, brokerages expects ITC cigarette volume to decline by 4% in financial year ending March 2018. ITC's cigarette business is expected to remain impacted by regulatory pressures.

ITC's net profit rose 7.4% to Rs 2560.50 crore on 0.8% decline in net sales to Rs 9876.45 crore in Q1 June 2017 over Q1 June 2016.

ITC is a diversified company, with presence in cigarettes, hotels, paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, information technology, branded apparel, personal care, stationery and other FMCG products. ITC is a market leader in cigarettes.

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ITC has allotted 42,87,330 Ordinary Shares of Re. 1/- each, upon exercise of 4,28,733 Options by Optionees under the Company's Employee Stock Option Schemes.

Consequently, with effect from 21 August, 2017, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 1218,03,06,281/- divided into 1218,03,06,281 Ordinary Shares of Re. 1/- each.

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ITC has allotted 29,21,600 Ordinary Shares of Re. 1/- each, upon exercise of 2,92,160 Options by Optionees under the Company's Employee Stock Option Schemes.

Consequently, with effect from 8th August, 2017, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 1217,60,18,951/- divided into 1217,60,18,951 Ordinary Shares of Re. 1/- each.

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ITC announced that Ashok Malik resigned from the Board of Directors of the Company with effect from close of work on 31 July, 2017, consequent to his appointment as Press Secretary to the President of India.

Malik represented the Specified Undertaking of the Unit Trust of India.

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