ITC shares dropped by 20% from its peak

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For the second day in a row, ITC's shares are down an additional 2.5 percent on Tuesday. With today's loss, the stock is now down 20% from its July 24th, 2018, top of ₹499.7.

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The biggest stakeholder in ITC, British American Tobacco (BAT), intends to start selling shares as soon as this week. According to their ownership pattern from the December quarter, BAT presently has a 29% interest in ITC.

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ITC shares dropped by 20% from its peak

Published : 12 March 2024

For the second day in a row, ITC's shares are down an additional 2.5 percent on Tuesday. With today's loss, the stock is now down 20% from its July 24th, 2018, top of ₹499.7.

The biggest stakeholder in ITC, British American Tobacco (BAT), intends to start selling shares as soon as this week. According to their ownership pattern from the December quarter, BAT presently has a 29% interest in ITC.

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