ITC loses Rs39.3 billion (US$553.4 million) in MCap, steepest heavyweight fall in Cigarettes, Tobacco products sector
ITC Ltd. (NSE:ITC), India's largest Cigarettes, Tobacco products company by market cap, has decreased Rs3.20 (1.3%) from its previous trading session to close at Rs241.15. Compared with the BSE SENSEX Index which rose 7.6 points (0.02%) in the day, the relative price change was -1.3%. The volume of 13.7 million shares was close to average trading. It posted the steepest fall in MCap with the most influence on the Cigarettes, Tobacco products sector. There were 14,334,297 shares worth Rs3.5 billion (US$48.8 million) traded today.
Technical indicators complementing today's significant downtrend:
+ The negative 3.49 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The 3.0% premium to 12-month low of Rs234.05 against the 21.1% discount to high of Rs305.60 suggests the stock continues to push for new lows.
+ In the last one month the stock has hit a new 52-week low thrice, pointing to a significant uptrend.
+ The price decreased 0.2% in the last week.