London-based BAT has seen a sell-off in its shares in the past week, rendering its market cap below ITC to $64 billion. The stock fell sharply after the company said it would take a hit of around $31.5 billion as it wrote down the value of some US cigarette brands, acknowledging that its traditional combustible market has no long-term future.
Big movers on D-Street: What should investors do with Wipro, Infosys and LTIMindtree?
Benchmark Sensex fell for the third day, dropping nearly 495 points amid foreign fund outflows. Key stocks in focus included Wipro, Infosys, and LTIMindtree. Technical
October 18, 2024