ITC Ltd. Shows Resilience Amid Market Volatility and Long-Term Pressure

ITC Ltd., a prominent player in the Cigarettes/Tobacco industry, has shown notable activity today, outperforming its sector by 0.74%. After experiencing two consecutive days of decline, the stock has reversed its trend, gaining 0.36% in value. However, it remains under pressure in the longer term, with a year-to-date performance of -6.70%, compared to the Sensex's positive return of 3.12%.
The stock has exhibited high volatility today, with an intraday volatility of 282.78%, indicating significant price fluctuations. ITC's current market capitalization stands at Rs 5,34,165.20 Cr, categorizing it as a large-cap stock. The company's price-to-earnings (P/E) ratio is 26.69, slightly below the industry average of 27.33.

In terms of moving averages, ITC is currently above its 20-day, 50-day, and 100-day moving averages, but below its 5-day and 200-day averages. Additionally, the stock offers a high dividend yield of 3.29%, reflecting its commitment to returning value to shareholders. Overall, ITC Ltd. continues to navigate a challenging market landscape while maintaining a solid position within its industry.