Business

IIE DIGITAL DESK : ITC shares came under sharp selling pressure in Tuesday’s trading session, declining nearly 3% and slipping to a fresh 52-week low, reflecting continued bearish sentiment in the stock. The fall has raised concerns among investors as the FMCG-to-tobacco major struggles to find near-term support amid broader market caution and sector-specific headwinds.

The market tracking updates, the stock witnessed sustained selling throughout the session, extending its recent downtrend. The weakness in ITC shares comes at a time when investor sentiment remains cautious, with profit-booking and shifting allocation patterns contributing to pressure on large-cap defensive stocks.

Brokerage firm Motilal Oswal has flagged additional downside risk for the stock, indicating that ITC may continue to face pressure in the near term. Analysts reportedly believe that valuation concerns, along with slower growth expectations in certain business segments, could keep the stock under stress despite its historically defensive nature in volatile markets.

Market experts suggest that the stock’s recent decline reflects a combination of broader equity market volatility and stock-specific concerns, with investors reassessing growth visibility and earnings momentum. The fall to a fresh 52-week low has also triggered technical selling, further accelerating the downward move.

ITC remains under close watch from investors and analysts as the stock navigates a challenging phase, with sentiment largely driven by caution and brokerage outlooks pointing to the possibility of further weakness ahead.