ITC Ltd. Faces High Volatility Amid Downward Trend and Strong Dividend Yield

ITC Ltd., a prominent player in the FMCG sector with a market capitalization of Rs 5,22,464.50 crore, has exhibited notable trading activity today. The stock's performance has been in line with the sector, experiencing a narrow trading range of Rs 1.25. However, it has shown high volatility, with an intraday volatility rate of 398.1%, indicating significant price fluctuations throughout the day.
Currently, ITC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a downward trend in its short to long-term performance metrics. The stock boasts a high dividend yield of 3.35%, which may appeal to income-focused investors.

In terms of performance relative to the broader market, ITC's one-year return stands at 6.25%, compared to the Sensex's 12.19%. Over the past month, ITC has seen a decline of 2.94%, while the Sensex has gained 0.45%. Year-to-date, ITC's performance is down by 8.74%, contrasting with the Sensex's positive return of 3.49%. Despite these challenges, ITC has shown resilience over the longer term, with a three-year performance of 61.83% and a five-year performance of 120.58%.