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ITC share price today: ITC shares, which hit a high of Rs 481.40 on January 4 was trading at Rs 421 in the current session. In comparison, benchmark Sensex has gained 2.82% during the period.
The stake sale could lead to a re-rating of ITC's stock, per experts and the increase in free float will cause an upward adjustment in the weights on the index.
ITC shares, which stood at Rs 213.95 on February 25, 2022 ended at Rs 473.95 on January 5 this year, more than doubling investor wealth during the period.
ITC shares rose to an intraday high of Rs 460 against the previous close of Rs 455.60 on BSE.
ITC Analyst Meet: Motilal Oswal Securities said the analyst meeting was a welcome move by the management as it provided a platform for a comprehensive discussion on the prospects and concerns of its various businesses.