ITC Ltd. Sees Surge in Trading Activity Amid Mixed Stock Performance

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 22,410,217 shares and a total traded value of approximately Rs 95.33 crore. The stock opened at Rs 425.00 and reached a day high of Rs 427.85, before closing at Rs 427.00, reflecting a decline of 1.26% for the day. This performance comes after two consecutive days of gains.
Despite the recent downturn, ITC's stock remains above its 5-day, 20-day, and 50-day moving averages, although it is trading below its 100-day and 200-day moving averages. Notably, the delivery volume surged to 1.7 crore shares on April 17, marking a 76.8% increase compared to the 5-day average, indicating rising investor participation.

ITC boasts a market capitalization of Rs 5,27,908.14 crore, categorizing it as a large-cap stock. Additionally, it offers a high dividend yield of 3.27% at the current price, contributing to its appeal among investors. Overall, ITC's performance today reflects a mix of active trading and significant liquidity, maintaining its position within the sector.