ITC Share: ITC share at the top.. Shareholders in cash rain! – fmcg giant itc share price hits 52 week high of 348-75 rupees check its long term rally

ITC (ITC) shares rose over 2% today to touch a level of Rs 348.75. Apart from this, it is noteworthy that the ITC share price touched a 52-week high today. ITC shares have been rising steadily since last February.

ITC shares have gained around 40% since February. ITC’s share price is now close to Rs 349, which was around Rs 250 in February.

In the last twenty years, ITC’s share price has increased by around 25 times. Apart from this, ITC has bought bonus shares thrice. So, on a long-term basis, ITC stock holders would have gained around 100 times more.

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In September 2005, ITC issued bonus shares in the ratio of 1:2. That means one bonus ITC share is given for every two ITC shares. Later in August 2010 bonus shares were issued in the ratio of 1:1.

Later in 2016 bonus shares were again issued in the ratio of 1:2. Those who invested in ITC 20 years ago when the share price was around Rs 14.50 would have reaped a profit now.