India's ITC slumps to over 4-year low on multiple block deals at discount
08/10/2026 08:48
BUZZ-India's ITC slumps to over 4-year low on multiple block deals at discount ** Fast-moving consumer goods company ITC's ITC.NS shares drop as much as 4.37% to 254.1 rupees, their lowest since June 29, 2022
** Drop comes after 6.3 million shares change hands in 20 block deals at a discount of 0.6%-4.1% over its last close, according to data compiled by LSEG
** ITC leads losses in FMCG index .NIFTYFMCG, which is down 1.8%
** ITC is down 37% YTD, the second-biggest percentage loser on Nifty 50 .NSEI, which is down about 15%
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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