On Friday, ITC has reported a rise of 5.67 percent in its standalone net profit at Rs 2,495.20 crore for the fourth quarter ended March 31.

ITC has said in a BSE filing that it had posted a net profit of Rs 2,361.18 crore during January-March quarter a year ago. The company’s net sales were up 9.51 percent at Rs 10,062.38 crore for the quarter under review as compared to Rs 9,188.25 crore of previous fiscal.

A dividend of Rs 8.50 per share has been recommended by the board for the financial year ended 31 March 2016.

Read EquityPandit’s Technical Analysis of Indian Stock Market