ITC share price: A year ago, the stock managed to rise 4.86% annually. In 2023, ITC stock rose 39%.
ITC share price: The FMCG stock has seen selling pressure falling 9% in a year and 5% over two years.
On the selling side, mutual funds pared their exposure to public sector giants. State Bank of India (SBI) witnessed the highest selling pressure, with a net sell value of Rs 2,321.4 crore.
Select stocks like Waaree Energies, Aditya Infotech, BLS International, Hindustan Zinc, KPR Mills, ITC Hotels and others have seen fresh interest from the various brokerage firms.
ITC Hotels block deal: Tobacco Manufacturers (India), Myddleton Investment Company and Rothmans International Enterprises were looking to sell up to 14.58 crore shares at Rs 205.65 apiece, for Rs 2,998.40 crore.
Stocks including Reliance, Tata Power, HCL Technologies, ITC Hotels, RailTel Corp, CAMS, Zen Technologies, HCC and more will be in the spotlight on Friday, December 05.
An analyst from Anand Rathi said that Bharat Electronics is currently taking support at the 10–20 DEMA zone, indicating steady buying interest at lower levels.
Trent, ITC, Tata Consultancy Services Ltd (TCS), Eternal Ltd and Tata Steel require up to 94 per cent upsides over the prevailing prices to reclaim record levels.
Heavyweights led the selling pressure list, with the brokerage highlighting Reliance Industries (RIL), HPCL, GAIL, BPCL, and ONGC as the top sells.
Bank account attachment under GST is typically triggered in cases of fake ITC claims, fake invoicing, GST collected but not deposited, shell entities, audit discrepancies or non-cooperation during investigations. Such orders are usually issued by the DGGI, anti-evasion units or jurisdictional GST authorities.
JM Financial said the staples coverage universe (excluding ITC and VBL) posted a 7 per cent year-on-year rise in sales, broadly in line with expectations.





