ITC Limited's stock has seen a recovery, climbing about 5.5% over the past two weeks and 5.44% in the last month. This rise coincides with increased investment from Domestic Institutional Investors (DIIs), who boosted their stake to 49.15% from 48.90% in the previous quarter. In contrast, Foreign Institutional Investors (FIIs) trimmed their holdings, reducing their stake to 34.83% from 36.11%.
ITC Stock Gains 5.5% on DII Boost; Yoga Bar Deal Fuels Food Growth
CONSUMER-PRODUCTS
Overview
ITC stock has gained 5.5% over two weeks, with Domestic Institutional Investors increasing their stake. The conglomerate also acquired a majority stake in Sproutlife Foods, owner of the Yoga Bar brand, signaling a strategic push into the expanding food sector. Despite this recent uptick, ITC's six-month and one-year performance remains significantly negative.
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