ITC shares gain after earnings; valuations seen enticing

A man talks on his mobile phone as he walks past an ITC office building in Kolkata September 4, 2012. REUTERS/Rupak De Chowdhuri/Files

Reuters Market Eye - ITC shares gain around 1 percent a day after reporting better-than-expected April-June profit, with traders saying valuations are especially attractive. The stock trading at 26.4 times 12-month forward earnings compared to an average of 36 times for domestic fast consumer goods makers, Thomson Reuters data shows. (Reporting by Dipika Lalwani)