ITC Ltd. Sees 4.08% Increase in Stock Price, Rated 'Hold' by MarketsMOJO

ITC Ltd., a largecap company in the cigarettes/tobacco industry, saw a 4.08% increase in its stock price on November 22, 2024. This gain was reflected in the stock call given by MarketsMOJO, which rated ITC's stock as 'Hold'.

In terms of performance, ITC underperformed the sector by -0.33% on the day. The stock reached an intraday high of Rs 476.6, showing a 4.25% increase. However, when compared to its moving averages, ITC's stock is currently higher than the 5-day and 200-day moving averages, but lower than the 20-day, 50-day, and 100-day moving averages.

The cigarettes/tobacco sector as a whole has seen a gain of 3.58%, indicating a positive trend in the industry. Additionally, ITC offers a high dividend yield of 3% at its current price.

Looking at the performance of ITC compared to the Sensex, the company has outperformed the market index with a 1-day performance of 3.69% compared to Sensex's 2.36%. However, over the past month, ITC's performance has been slightly lower than the Sensex, with a -1.60% change compared to the market index's -1.55%.

Overall, ITC's stock has shown a positive trend in the cigarettes/tobacco industry, with a gain in stock price and a 'Hold' rating from MarketsMOJO. Investors may want to keep an eye on the company's performance in the coming days to see if this trend continues.