Stock Market Today, Aug. 4 -- ITC share price gained marginally in the morning trades on Monday post Q1 results: Should you buy or sell the stock?

On Friday, post-market hours, ITC Ltd reported an almost 2% gain in its standalone June quarter profit at Rs.4,912.36 crore, up from Rs.4,819.93 crore a year ago, but lower than expected. During the quarter, the conglomerate's expenses increased by 12.7% to Rs.12,872.66 crore.

During the reporting quarter, standalone revenue from operations increased by 19.7% to Rs.21,058.98 crore from Rs.17,593.02 crore the previous year, driven by excellent performance in the agro and tobacco businesses.

ITC's cigarette volume growth accelerated to a multi-quarter high of more than 6%, which was better tha...