Updated
Updated · MarketWatch · Apr 27ITC Ltd. shares rise 0.76 percent to 303.90 rupees, underperform market
11 articles · Updated · MarketWatch · Apr 27
- On Monday, ITC Ltd. closed at ₹303.90, while the BSE SENSEX Index climbed 0.83% to 77,303.63.
- Despite the gain, ITC shares remain 31.58% below their 52-week high of ₹444.15 set on May 27th.
- Trading volume was 714,742, below the 50-day average of 1.2 million, and ITC's performance lagged behind Golden Tobacco and Godfrey Phillips India.
Can ITC's massive FMCG pivot outpace the decline of its core tobacco business after the recent tax hike? ITC's stock is at 1999 levels versus gold; can its new strategy finally create real wealth for investors? Can ITC's investments in AI and Agri-tech secure its future beyond the volatile tobacco industry? With illicit cigarettes projected to surge, is India's new tobacco tax policy costing the government revenue? As cigarette prices soar up to 40%, are consumers abandoning legal brands for the black market?