ITC in focus after GQG sells Rs 9,395 crore stake
In short
ITC shares are in focus after Rajiv Jain-backed GQG sold shares worth Rs 9,395 crore and cut its stake. The report says cigarette tax hikes, inflation and rising oil prices hurt performance.
This matters because investors are waiting for quarterly earnings and broker views. The story says opinions are still divided, but it does not give a clear reason for the stock’s full decline path.
What the reporting says
ITC shares are in focus after Rajiv Jain-backed GQG sold shares worth Rs 9,395 crore and reduced its stake. The reporting says cigarette tax hikes, inflation and rising oil prices weighed on performance, while investors now await quarterly earnings. The stock’s outlook remains split among brokerages, and the reported 30% crash in 2026 is not independently explained in the available summary.
Why it matters
ITC shares are under attention after Rajiv Jain-backed GQG sold stock worth Rs 9,395 crore, reducing its holding amid a sharp share decline. The summary links weaker performance to cigarette tax hikes, inflation and rising oil prices, and says investors are now awaiting quarterly earnings. Brokerages remain divided on valuation and outlook, leaving the next stock move uncertain.