ITC Ltd. Sees Surge in Trading Activity Amid Sector Underperformance

ITC Ltd., a prominent player in the Cigarettes/Tobacco industry, has emerged as one of the most actively traded stocks today, with a total traded volume of 27,388,236 shares and a total traded value of approximately Rs 115.72 crores. The stock opened at Rs 428.05, reached a day high of Rs 429.1, and recorded a day low of Rs 421.5, closing at Rs 422.95.
Despite its active trading, ITC Ltd. underperformed its sector by 0.55%. The stock has shown a narrow trading range of Rs 2.45 throughout the day. Notably, it is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages.

Investor participation has notably increased, with delivery volume rising by 85.1% compared to the 5-day average, totaling 2.03 crore shares. The stock also boasts a high dividend yield of 3.31% at the current price, indicating a solid return for shareholders. With a market capitalization of Rs 5,34,227.77 crores, ITC Ltd. continues to maintain a liquid trading environment, suitable for transactions of up to Rs 12.38 crores. Overall, ITC Ltd. has demonstrated significant activity today, reflecting its established position in the market.