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ITC shares in focus after Rajiv Jain-backed GQG sells stake worth Rs 9,395 crore. What’s ahead after 30% crash in 2026

ITC shares will be in focus after Rajiv Jain-backed GQG sold shares worth Rs 9,395 crore, reducing its stake amid a sharp stock decline. Cigarette tax hikes, inflation and rising oil prices weighed on performance. Investors now await quarterly earnings, while brokerages remain divided on the stock’s outlook and valuation prospects.

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Economic TimesLean R·1h ago
ITC shares in focus after Rajiv Jain-backed GQG sells stake worth Rs 9,395 crore. What’s ahead after 30% crash in 2026
ITC shares will be in focus after Rajiv Jain-backed GQG sold shares worth Rs 9,395 crore, reducing its stake amid a sharp stock decline. Cigarette tax hikes, inflation and rising oil prices weighed on performance. Investors now await quarterly earnings, while brokerages remain divided on the stock’s outlook and valuation prospects.
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ITC shares in focus after Rajiv Jain-backed GQG sells stake worth Rs 9,395 crore. What’s ahead after 30% crash in 2026

How 1 sources are covering this

ITC shares in focus after Rajiv Jain-backed GQG sells stake worth Rs 9,395 crore. What’s ahead after 30% crash in 2026

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