ITC shares gained on Wednesday after the company reported a steady growth in standalone net profit for the quarter ended June 2014.  During the quarter, the profit of the company rose 15.6% to Rs 21,863.90 million from Rs 18,913.30 million in the same quarter previous year.

Net sales for the quarter rose 24.80% to Rs 92,482.90 million, compared with Rs 74,107 million for the prior year period.

Shares of the company are trading at Rs 360.85, up Rs 4.15, or 1.16% at the Bombay Stock Exchange (BSE) on Wednesday at 9:32 a.m.

The scrip has touched an intra-day high of Rs 364.45 and low of Rs 360.40. The total volume of shares traded at the BSE is 85,194.