ITC Ltd. Sees Increased Trading Activity Amidst Sector Underperformance and High Dividend Yield

ITC Ltd., a prominent player in the Cigarettes/Tobacco industry, has emerged as one of the most active equities today, with a total traded volume of 5,497,704 shares and a total traded value of approximately Rs 23,414.17 lakhs. The stock opened at Rs 425.95, reaching a day high of Rs 427.55 and a day low of Rs 423.55, reflecting a narrow trading range of Rs 2.45.
Despite this activity, ITC's performance today has underperformed its sector by 0.55%, while the stock recorded a 1D return of 0.96%. In comparison, the sector's 1D return was 1.01%, and the Sensex saw a modest return of 0.17%. Notably, ITC's delivery volume surged to 2.03 crore on April 21, marking an 85.1% increase against the five-day average delivery volume, indicating rising investor participation.

The stock's liquidity remains robust, with a trading capacity sufficient for a trade size of Rs 12.38 crore, based on 2% of the five-day average traded value. Additionally, ITC offers a high dividend yield of 3.31% at the current price. Overall, ITC Ltd. continues to maintain a significant market presence with a market capitalization of Rs 5,34,227.77 crore.