ITC (ITC) Weekly Analysis
Price & Volume
The stock price rose by 0.84% during the week, marking its second consecutive week of positive movement. Trading activity remained steady, with total volume reaching over 91 million shares. The stock ended the week at 306.8, reflecting a stable upward trend in the recent period.
Technicals
This week, the stock closed at 306.8, reflecting a weekly gain of 0.84%. The price remains below both the 20-day and 50-day moving averages, which represent the average price over those periods and currently show downward slopes. Momentum is shifting, with the Relative Strength Index (RSI), a gauge of speed and change of price movements, at 54.35, showing an increase from the previous week. Additionally, the Moving Average Convergence Divergence (MACD), which tracks the relationship between two moving averages, shows a positive histogram, indicating a recent shift in momentum despite the broader downward trend.
Fundamentals
ITC has demonstrated strong financial performance with a 10.9% YoY revenue growth and a significant 68.9% YoY increase in net profit as of Mar 2025. The company maintains robust profitability, evidenced by a 44.3% net profit margin [TTM], which represents the percentage of revenue remaining after all expenses are paid. Efficiency remains high, with an ROE [Mar 2025] of 48.5%, indicating strong returns generated on shareholder equity. The balance sheet is exceptionally healthy, characterized by minimal leverage and an interest coverage ratio [TTM] of 633.1, a measure of the company's ability to pay interest on its debt. These results highlight a period of sustained operational expansion and high capital efficiency.
News
Between April 13 and April 19, 2026, ITC Ltd experienced a period of positive price momentum, recording a 1.29% increase in weekly returns and sustaining gains for three consecutive sessions by April 17. This upward movement occurred despite broader market concerns regarding the impact of weak monsoon forecasts on the sector. On April 16, MarketsMOJO upgraded the stock to a 'Hold' rating, citing improvements in valuation that signaled renewed price attractiveness. The rally was further supported on April 17 by positive results from VST Industries, which bolstered investor sentiment across cigarette manufacturers, including ITC and Godfrey Phillips, helping to offset earlier market skepticism regarding the potential impact of tax hikes on cigarette sales.
Events
ITC Limited has issued a public notice regarding the loss of share certificates by deceased shareholders and the subsequent application for duplicates. The company has cautioned the public against dealing with these specific shares and invited objections within seven days.
Ms. Nirupama Rao ceased to be an Independent Director of ITC Limited effective 8th April 2026, following the completion of her approved term.
ITC Limited has confirmed compliance with SEBI Regulation 74(5) regarding the dematerialization of shares for the quarter ended 31st March 2026, ensuring that share certificates were cancelled and depository records updated within the mandated timeframe.
ITC Limited has acquired the right to nominate a majority of directors on the board of Sproutlife Foods Private Limited, effective 1st April 2026, making the company a subsidiary. This move aligns with ITC's strategy to expand its future-ready food portfolio.
ITC Limited announced the voluntary dissolution of its step-down subsidiary, Blazeclan Americas Inc., effective March 24, 2026. The subsidiary contributed ₹4.38 crore to total income in FY 2024-25, representing a negligible 0.006% of ITC's total income.
Ms. Nirupama Rao ceased to be an Independent Director of ITC Limited effective 8th April 2026, following the completion of her approved term.
ITC Limited has confirmed compliance with SEBI Regulation 74(5) regarding the dematerialization of shares for the quarter ended 31st March 2026, ensuring that share certificates were cancelled and depository records updated within the mandated timeframe.
ITC Limited has acquired the right to nominate a majority of directors on the board of Sproutlife Foods Private Limited, effective 1st April 2026, making the company a subsidiary. This move aligns with ITC's strategy to expand its future-ready food portfolio.
ITC Limited announced the voluntary dissolution of its step-down subsidiary, Blazeclan Americas Inc., effective March 24, 2026. The subsidiary contributed ₹4.38 crore to total income in FY 2024-25, representing a negligible 0.006% of ITC's total income.
Weekly Snapshot
Highlights
- The stock price rose by 0.84% this week, marking its second consecutive week of positive movement.
- Trading activity increased with total volume reaching over 91 million shares, a 5.68% rise from the previous week.
- The Relative Strength Index (RSI), a gauge of price movement speed, increased to 54.35, signaling a shift toward neutral territory.
- ITC expanded its food portfolio by acquiring the right to nominate a majority of directors on the board of Sproutlife Foods Private Limited.
- MarketsMOJO upgraded the stock to a Hold rating on April 16, citing improvements in valuation that signaled renewed price attractiveness.
What This Means
ITC experienced a stable week characterized by a 0.84% price increase and higher trading volumes. Technical indicators show a shift in momentum, with the RSI moving toward neutral levels and the MACD (a tool tracking the relationship between two moving averages) showing positive histogram readings. The company also completed a strategic acquisition of Sproutlife Foods to bolster its food business. Despite broader market concerns regarding monsoon forecasts, the stock received a rating upgrade from MarketsMOJO due to valuation improvements.
Latest Quarter Info
For the quarter ending December 2025, the company demonstrated steady top-line expansion, characterized by a 6.69% year-over-year revenue increase and a modest 2.79% sequential growth. This revenue momentum is supported by a robust operating margin of 34%, reflecting disciplined cost management relative to total expenses. While the operating performance remains solid, the bottom line experienced a slight contraction on a quarter-over-quarter basis, with net profit declining by 3.26%. This divergence between revenue growth and net profit performance is partially influenced by the current tax structure and non-operating items. On a year-over-year basis, net profit has remained essentially flat, indicating a stabilization in earnings despite the ongoing revenue gains. Overall, the financial snapshot highlights a period of sustained operational scale, balanced by a tightening of net profitability metrics as the company navigates its current fiscal environment.