ITC’s share price falls around 2%–4% on Thursday, with the stock moving near its 52-week low after a large block trade in the company’s shares. NDTV and Business Line report that about 36 crore shares trade in a block deal window, while Economic Times cites a broader figure of nearly 39 crore shares across the NSE and BSE, with trading occurring amid “block deal” buzz.
Market reports describe the block transactions as executed at an average price in the range of roughly ₹257 per share. Across outlets, details on the specific identities of buyers and sellers are not provided or are described as not immediately known. Economic Times also notes that ITC is down substantially over the year to date, and NDTV links the market move to continuing attention on ITC’s cigarette business, including another round of price increases on select brands. Together, the coverage focuses on the share-price reaction to the block deal and the broader context of sentiment around the company’s consumer and cigarette operations.
