📰 ET Stocks 🔴 BEARISH 🕒 09 Oct 2026, 09:07 AM IST

ITC shares in focus after Rajiv Jain-backed GQG sells stake worth Rs 9,395 crore. What’s ahead after 30% crash in 2026

⚡ Instant Key Takeaways (TL;DR)

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Core Development: ITC shares in focus after Rajiv Jain-backed GQG sells stake worth Rs 9,395 crore. What’s ahead after 30% crash in 2026

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Market & Financial Impact: ITC shares will be in focus after Rajiv Jain-backed GQG sold shares worth Rs 9,395 crore, reducing its stake amid a sharp stock decline. Cigarette tax hikes, inflation and rising oil prices weighed on performance. Investors now await quarterly earnings, while brokerages remain divided on the stock’s outlook and valuation prospects.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

ITC shares in focus after Rajiv Jain-backed GQG sells stake worth Rs 9,395 crore. What’s ahead after 30% crash in 2026

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