ITC shares rise 2% a day after hitting a 52-week low following GQG’s Rs 9,395 crore stake sale. What lies ahead?

What happened: ITC shares rose 2% to Rs 259.60 a day after hitting a 52-week low, following a GQG-linked fund's block sale of nearly 37 crore ITC shares. Key numbers: Block deal at Rs 257.35 per share, worth Rs 9,395 crore. GQG held 3.12% (38.99 crore shares) as of June 2026. Why it matters: Attention turns to ITC's Q2 earnings. Nomura named ITC a top pick among consumer staples with a Buy call, while JM Financial expects weak performance in the earnings season.

ITC shares rose 2% to Rs 259.60 a day after hitting a 52-week low, following a GQG-linked fund's block sale of nearly 37 crore ITC shares.

Attention turns to ITC's Q2 earnings. Nomura named ITC a top pick among consumer staples with a Buy call, while JM Financial expects weak performance in the earnings season.