FMCG giant stock ITC has traded cautiously positive so far year-to-date. The heavyweight large-cap stock started this week's trading session with mild gains and traded around Rs 418-419, compared to last week's over 2% weekly gains. ITC is among the top technical picks of SMC Global Securities to buy in the current weekly session. As per the analysts, ITC share price has shown signs of potential turnaround after an extended consolidation phase. ITC is among the top rewarders with bonuses, splits and dividends, while holding a healthy dividend yield in the FMCG basket. Also, ITC is among the top blue-chip stocks.
ITC Share Price:
At the time of writing, ITC traded flat at Rs 417.05 apiece on BSE, with market cap of Rs 5,22,724.03 crore. The stock opened to hit an intraday high of Rs 418.95, which makes it Rs 31.05 away from hitting Rs 450 mark. In past five sessions, ITC shares were up by 2.3% on BSE, while year-to-date, the stock has gained over 0.5%.
ITC's price-to-equity ratio is low at 14.8x and return on equity is at 48.24% as of October 27, as per BSE data.
Why BUY ITC Stock This Week?
ITC is among top technical picks this week by SMC Global Securities.
Analysts here said, ITC has shown signs of a potential turnaround on the daily charts after an extended consolidation phase. The stock has broken above a descending trend line that had been capping prices for several months, signaling the early stages of a trend reversal.
This breakout, supported by moderate volumes, indicates renewed buying interest after a prolonged corrective move. The RSI has moved above 55, reflecting improving momentum, while the MACD has turned positive, suggesting a shift in sentiment toward the bulls.
Technically, analysts added, "sustaining above Rs415 could open the door for a short-term rally toward Rs435-Rs440 levels. On the downside, support is now placed near Rs405. Therefore, one can accumulate the stock in range of 415- 417 for the expected upside of 439-441 levels with S/L below 400 levels.''
ITC Q2 Results:
ITC share price will be in focus this week due to its Q2 results for FY26. The company's board of directors have fixed a meeting on October 30, 2025, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company along with the Segment-wise Revenue, Results, Assets and Liabilities for the Quarter and Six Months ended 30th September, 2025, the Balance Sheet as on that date, the Statement of Cash Flows for the half year ended on that date and the Notes thereto.
ITC Corporate Actions:
ITC has a strong record of rewarding investors with bonus and dividends, while it has split once in its history.
Bonus Issue:
The first time ITC turned ex-bonus was on September 21, 2005 for its bonus issue ratio of 1:2. After this, the FMCG player carried 1:1 bonus in August 2010 and 1:2 bonus in July 2016.
In total, ITC has rewarded 3 bonuses.
Stock Split:
The stock has split once in its history and that was in September 2005. The stock split ratio was of 1:10, where the face value of Rs 10 was trimmed to Re 1.
Dividends:
ITC has distributed at least 29 dividends since July 2003, as per Trendlyne data. In the past 12 months, the stock has paid up to Rs 14.35 dividend per share. Its current dividend yield is about 3.43%.
About ITC Ltd:
ITC is one of India's foremost private sector companies and a diversified conglomerate with businesses spanning Fast Moving Consumer Goods, Paperboards and Packaging, Agri Business and Information Technology.
Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.
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