ITC Ltd. Faces Continued Decline Amid Broader Market Trends in FMCG Sector

ITC Ltd., a prominent player in the FMCG sector with a market capitalization of Rs 5,23,152.78 crore, has shown notable activity today, underperforming its sector by 1.29%. The stock has been on a downward trend, experiencing a consecutive decline over the past three days, resulting in a total drop of 2.72% during this period. Today, ITC opened at Rs 415.5 and has remained at this price point throughout the trading session.
In terms of moving averages, ITC is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The company's price-to-earnings (P/E) ratio stands at 22.42, slightly below the industry average of 23.12.

Over the past year, ITC has recorded a performance of 2.71%, which lags behind the Sensex's 5.11%. In the short term, the stock has shown a decline of 0.69% today, compared to the Sensex's drop of 1.17%. Year-to-date, ITC's performance is down by 8.62%, contrasting with the Sensex's gain of 3.32%.