Business

ITC shares rise 2% a day after hitting a 52-week low following GQG’s Rs 9,395 crore stake sale. What lies ahead?

The Economic Times · 9 October 2026 at 9:07 am

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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ITC shares rise 2% a day after hitting a 52-week low following GQG’s Rs 9,395 crore stake sale. What lies ahead?

This story in other outlets

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