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HomeNewsBusinessMarketsFutures Trade: ITC price action shows a death cross, a bearish signal

Futures Trade: ITC price action shows a death cross, a bearish signal

ITC is an underperforming stock that is breaking below the rectangle bearish pattern

March 13, 2024 / 06:21 IST
ITC: Global tobacco company British American Tobacco has launched a block deal to sell a 3.5 percent equity stake in India's ITC to institutional investors for as much as Rs 16,775 crore. It plans to sell up to 43.69 crore ITC shares via accelerated bookbuilding at Rs 384–400.25 per share, reported CNBC Awaaz, citing sources. At the lower end of the price band, the share sale is at a 5 percent discount to Tuesday's closing price.
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