We don’t think that market is much worried about a recession. It had seen a good run-up of more than 2000 points from 16747 to 18887 levels in the last 11 weeks, so a recent decline of 600 points from higher zones is just part of profit booking which is just one-third of the entire upswing.
ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?
ITC shares gained 2% despite an 18.5% year-on-year decline in Q2 net profit, as higher taxes and falling cigarette earnings weighed on profitability. However, its
November 3, 2026