🇮🇳 India
3h ago
ITC shares rise 2% a day after hitting a 52-week low following GQG’s Rs 9,395 crore stake sale. What lies ahead?
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ITC shares rose after Rajiv Jain-backed GQG sold shares worth Rs 9,395 crore, reducing its stake amid a sharp stock decline. Cigarette tax hikes, inflation and rising oil prices weighed on performance. Investors now await quarterly earnings, while brokerages remain divided on the stock’s outlook and valuation prospects.
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