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ITC, the cigarette-to-hotel conglomerate, has reached a new milestone by crossing the Rs 6 lakh crore market capitalisation mark in intraday trade on Friday. This has made it the sixth listed company in India to achieve this milestone. This has given a boost to the stock which had been trading lower in the past few days. The stock gained nearly 3 per cent on Friday and climbed to Rs 6.15 on the back of strong buying from foreign investors, analysts said. The company has been able to gain ground due to a strong portfolio and the increasing demand for cigarettes in the domestic market, they added.
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