ITC Shares Plummet as Company Faces Declining Trade and Investor Concerns
**ITC Shares Plummet as Company Faces Declining Trade and Investor Concerns** ITC share price ITC shares plummeted today, falling by as much as 4.15% to ₹469.50. This is the lowest level the stock has traded at in over a year. There are a number of factors that are contributing to the decline in ITC's share price. First, the company is facing declining trade. ITC's cigarette business, which accounts for the majority of its revenue, has been hit hard by the decline in cigarette sales in India. The company's other businesses, such as hotels and paper, are also facing headwinds. Second, investors are concerned about the company's future growth prospects. ITC has been slow to diversify into new businesses, and its core businesses are facing increasing competition. As a result, investors are worried that the company's earnings growth will slow in the coming years. The decline in ITC's share price is a setback for the company. ITC is one of India's largest and mo...
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