ITC (ITC) Weekly Analysis
Price & Volume
The stock ended the week with a minor gain of 0.23%, showing a slight recovery after recent downward pressure. Trading activity remained relatively calm as the total volume for the week decreased by 22.05% compared to the previous period. The price currently sits 7.31% below the 50-day moving average and 18.79% below the 200-day moving average.
Technicals
This week, the stock closed at 280.3, marking a 2.3% decline. The price remains below both the 20-week and 50-week moving averages, which are lines representing the average price over specific timeframes to smooth out fluctuations. Both averages currently show a downward slope, indicating a prevailing negative trend. Momentum, measured by the Relative Strength Index (RSI), sits at 32.01, reflecting weak buying pressure. Volatility, tracked by the width of Bollinger Bands, has expanded to 15.75%, suggesting increased price movement. Overall, the technical landscape shows a downward trend with low momentum and rising volatility.
Fundamentals
In the quarter ending March 2026, the company reported a net profit of ₹5,470 million, a significant decrease of 72.4% year-over-year, despite a 9.0% quarter-over-quarter increase. Revenue saw a 5.0% year-over-year decline. The company currently trades at a Price-to-Earnings (PE) ratio of 17.2x and a Price-to-Book (PB) ratio of 5.0x. The dividend yield stands at 5.17%. These figures reflect recent performance trends and current valuation multiples.
News
During the week of June 1, 2026, ITC shares experienced significant downward pressure, reaching a fresh 52-week low by June 3, 2026. This decline was primarily attributed to investor concerns regarding the impact of steep tax hikes on cigarettes under the new GST 2.0 regime, which took effect on February 1, 2026. While the stock saw a minor recovery attempt on June 4, 2026, market analysts maintained a cautious outlook. Despite the price volatility, ITC continued to be recognized by market observers as a notable high dividend yield stock within the NSE 500 index, drawing interest from investors seeking income amidst broader market fluctuations.
Events
ITC Limited announced that its representatives will participate in the BofA 2026 India Conference and the Morgan Stanley India Investment Forum 2026 in Mumbai on June 2, 2026.
ITC Limited has issued a public notice regarding the loss of share certificates and the application for duplicates by registered holders. The company has cautioned the public against dealing with these specific shares and invited objections within seven days.
ITC Limited reported a 10.1% increase in annual gross revenue to ₹80,867.49 crore for FY26 and recommended a final dividend of ₹8.00 per share, bringing the total annual dividend to ₹14.50 per share.
ITC Limited has approved its audited financial results for the year ended 31 March 2026 and recommended a final dividend of ₹8 per share, bringing the total annual dividend to ₹14.50 per share.
ITC Limited reported its audited financial results for the year ended 31 March 2026 and recommended a final dividend of ₹8 per share. The company has scheduled its 115th Annual General Meeting for 23 July 2026 to seek shareholder approval for the dividend and director re-appointments.
ITC Limited has issued a public notice regarding the loss of share certificates and the application for duplicates by registered holders. The company has cautioned the public against dealing with these specific shares and invited objections within seven days.
ITC Limited reported a 10.1% increase in annual gross revenue to ₹80,867.49 crore for FY26 and recommended a final dividend of ₹8.00 per share, bringing the total annual dividend to ₹14.50 per share.
ITC Limited has approved its audited financial results for the year ended 31 March 2026 and recommended a final dividend of ₹8 per share, bringing the total annual dividend to ₹14.50 per share.
ITC Limited reported its audited financial results for the year ended 31 March 2026 and recommended a final dividend of ₹8 per share. The company has scheduled its 115th Annual General Meeting for 23 July 2026 to seek shareholder approval for the dividend and director re-appointments.
Weekly Snapshot
Highlights
- The stock declined 2.3% this week, reaching a fresh 52-week low as investors reacted to the impact of tax hikes on cigarettes under the GST 2.0 regime.
- Trading activity remained subdued with total volume falling 22.05% compared to the previous week, reflecting reduced market participation.
- Technical indicators show persistent weakness, with the RSI at 32.01 and the price trading 7.31% below the 50-day moving average.
- The company announced its audited financial results for FY26, reporting a 10.1% increase in annual gross revenue and recommending a final dividend of Rs 8 per share.
- Market observers continue to highlight the stock as a high dividend yield opportunity within the NSE 500 index despite recent price volatility.
What This Means
The stock is currently under sustained downward pressure, evidenced by its position below both the 50-day and 200-day moving averages. The recent decline to a 52-week low highlights investor sensitivity to the GST 2.0 cigarette tax regime, which has negatively impacted sentiment. While the company maintains strong operational efficiency with a 39% operating margin in the March 2026 quarter, the significant year-over-year net profit decline of 72.4% has weighed on market valuation, as reflected in the compression of PE and PB ratios over the past year.
Latest Quarter Info
The latest quarterly snapshot for March 2026 indicates a mixed signal in performance. While revenue experienced a sequential decline of approximately 11% and a year-over-year decrease of about 5%, the company managed to improve its net profit quarter-over-quarter by roughly 9%. However, net profit saw a significant year-over-year drop of over 72%. The operating margin remained stable at 39%, suggesting consistent cost management relative to sales. Despite the revenue headwinds, the sequential improvement in net profit and EPS, alongside a stable operating margin, points to operational efficiencies. The substantial year-over-year decline in net profit and EPS warrants further investigation into the factors impacting profitability over the longer term.