ITC Ltd. Sees Decline in Stock Price, Underperforms in Cigarettes/Tobacco Sector

ITC Ltd., a largecap company in the cigarettes/tobacco industry, saw a decline of -3.37% on May 9th, 2024. According to MarketsMOJO, the stock's current call is 'Hold'.

The stock's performance today was lower than the sector by -0.59%. This marks a trend reversal as the stock had seen two consecutive days of gains before falling. The day's low was recorded at Rs 426.55, a decrease of -3.25%.

In terms of moving averages, the stock is currently higher than the 50 day moving average but lower than the 5 day, 20 day, 100 day, and 200 day moving averages. The cigarettes/tobacco sector as a whole has also seen a decline of -2.94%.

Investors may find some solace in the fact that ITC Ltd. has a high dividend yield of 3.56% at its current price. However, it is important to note that the stock's 1 day performance of -3.16% was worse than the Sensex's performance of -1.09%. Similarly, its 1 month performance of 0.15% was also lower than the Sensex's performance of -2.70%.

Overall, ITC Ltd. has seen a decline in its stock price and is currently underperforming in the cigarettes/tobacco sector. Investors may want to hold off on making any decisions until the stock shows signs of improvement.