“ITC’s Big Jump Up Around 8% – Nifty Small & Mid Cap are Running Heavy Cut”

 “ITC’s Big Jump Up Around 8% – Nifty are Running Heavy Cut”

Today, the value of ITC’s shares went up by 8%, which is the biggest it’s gone up in one day since 2020. That jump made total value go up by a huge Rs. 33,000 crore. Today Index are Running heavy cut “Sensex Down 1% Below 73,000, Nifty Drops 1.25% Below 22,100, Bank Nifty Slips 0.40% Near 47,000 Market Update”

The market capitalization of the ITCLtd was ₹5.30Lakh Cr. The stock’s 52-week high and 52-week low stood at ₹499.70 and ₹369.65 respectively.

According to experts, selling off part of this stock ownership might make people rethink how valuable its stock is. They say this could make the part of the company that’s available for anyone to buy (called “free float”) go up. That might make big stock indexes give more weight.By selling off some of their stake, the company British American Tobacco might make it easier for people to buy and sell this shares. Plus, it might make people think better of how’s run, which could be good for people who own just a little bit of the company.

The CEO of a company called Bigul thinks this sale might make people see this stock as more valuable. He thinks people might start buying up shares for the long term, even though there might be some ups and downs right after the deal. Another expert, Nirav Karkera, says that even though some things are changing, the basic situation with this stock stays the same, and he still thinks it’s a good investment.

British American Tobacco (BAT), the multinational company that makes and sells cigarettes, tobacco and other nicotine products, on Tuesday said it planned to sell up to 3.5 per cent in ITC by way of block deals on Wednesday

He says that because more people will be able to buy shares, big stock indexes might give ITC more weight, which could be good for the stock price. While it seems like there’s not as much of an oversupply of shares now, people wanting to buy them might still push the price up.

Disclaimer :- Just remember, these are just opinions from experts, and it’s a good idea to talk to someone who knows a lot about investing before making any big decisions.