A quick alert for all ITC shareholders. The share price of ITC is fast approaching its 52-week low levels. It is just half a percent away from the stock’s 52-week low of Rs 391.20 per share. ITC had last hit this level on March 3, 2025. The stock has seen a consistent decline in recent months, with a 3% drop in the last five trading sessions. On a monthly basis, ITC has lost 13%, while its six-month and year-to-date (YTD) performance show a fall of 22% and 18%, respectively.
Here are some factors to watch as investors recalibrate their position in the stock- ITC Dividend payout this week
Investors are eyeing on the ITC’s much awaited Rs 24 per share dividend payout, expected between March 6 and 8. The stock recently turned ex-dividend on February 12 for its interim dividend of Rs 6.50 per share.
As per the regulatory filing, the company on February 6 said, “Declared Interim Dividend of Rs 6.50 per Ordinary Share of Re 1 each for the financial year ending on 31st March, 2025.”
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Historically, ITC has been a dividend-paying stock, having announced dividend payouts including a 1:2 bonus issue in 2005 and 2026, and a 1:1 bonus in 2020.
Wells Fargo sells ITC shares worth Rs 106 crore
As per NSE block deal data, Wells Fargo Emerging Markets Equity CIT sold 26.55 lakh shares of ITC at an average price of Rs 401.60 per share, amounting to Rs 106.62 crore. These shares were acquired by SEI Trust Company through its subsidiary. The exit of a major institutional investor in a way has added pressure on ITC’s stock
ITC Q3 Earnings
In its Q3FY25 results, ITC reported a 7.27% decline in consolidated net profit, which stood at Rs 5,013.16 crore, down from Rs 5,406.52 crore in the same quarter last year.
ITC demerges hotel business in January
ITC Hotels officially separated from its parent company, ITC, on January 1, 2025, marking a new phase for the hospitality business. With the demerger and listing of ITC Hotels now complete, ITC Hotels operates as an independent entity, solely focused on its hotel and hospitality ventures. Despite the separation, ITC continues to hold a 40% stake in the new company,
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