ITC Shares Worth Rs. 102.44 Crores Change Hands in NSE Block Deal
A significant block trade of approximately 2,514,785 ITC Ltd. shares occurred on the National Stock Exchange (NSE), valued at Rs. 102.44 crores. The shares were traded at Rs. 407.35 per share during regular trading hours. This large transaction highlights the liquidity and investor interest in ITC's stock, though the identities of the buyers and sellers were not immediately disclosed.

*this image is generated using AI for illustrative purposes only.
In a significant market development, ITC Ltd. , one of India's leading conglomerates, witnessed a substantial block trade on the National Stock Exchange (NSE). The transaction involved approximately 2,514,785 shares of the company, valued at an impressive Rs. 102.44 crores.
Block Trade Details
The block deal, which took place during regular trading hours, saw ITC shares changing hands at a price of Rs. 407.35 per share. This price point reflects the current market valuation of the company and investor sentiment towards ITC's stock.
Market Impact
Block trades of this magnitude often attract attention from market participants and analysts alike. They can sometimes indicate strategic moves by large institutional investors or significant shareholders. However, it's important to note that the identities of the buyers and sellers in such transactions are typically not disclosed immediately.
About ITC Ltd.
ITC Ltd. is a diversified conglomerate with a strong presence in various sectors, including:
- FMCG
- Hotels
- Paperboards and packaging
- Agri-business
- Information technology
The company is particularly known for its tobacco business but has successfully diversified into other fast-moving consumer goods over the years.
Investor Considerations
While block deals can sometimes lead to short-term price fluctuations, long-term investors typically focus on a company's fundamentals and growth prospects. As always, investors are advised to conduct their own research and consider their investment goals before making any decisions based on market movements.
The occurrence of this substantial block trade underscores the liquidity and investor interest in ITC's shares. As the market digests this information, it will be interesting to observe any potential impacts on the stock's trading pattern in the coming sessions.
Historical Stock Returns for ITC
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.09% | +1.72% | +0.33% | -9.97% | -10.83% | +128.57% |