BusinessITC Shares Fall 4% After FPI Stake Sale, Experts Advise Hold
ITC shares dropped about 4% on Thursday, falling from ₹265.70 to an intraday low of ₹254.70 on the NSE, following a significant stake sale by foreign portfolio investor GQG Partners worth around ₹9,500 crore. Experts attribute the decline to this pre-market sell-off but expect a trend reversal, citing strong company fundamentals and anticipated better Q2FY27 results. They recommend shareholders hold with a stop-loss at ₹246.
Mint Markets·


