ITC Share Price in Focus After Wells Fargo’s ₹106 Crore Stock Sale

On March 3, 2025, ITC Limited’s share price closed at ₹397.45, marking a 0.51% increase (₹2.00) from its previous close of ₹395.00. The stock opened at ₹395.95 and reached an intraday high of ₹399.00, while the lowest price recorded during the session was ₹391.20.

Wells Fargo’s Major Sell-Off 

ITC Ltd, a leading conglomerate in India, has been making headlines after a significant stock sale by financial giant Wells Fargo. The open market transaction, valued at ₹106 crore, has put ITC shares in focus.

Wells Fargo, a diversified financial services company headquartered in San Francisco, recently offloaded 26.55 lakh shares of ITC through its affiliate, Wells Fargo Emerging Markets Equity CIT, as per news reports.

The shares were sold at an average price of ₹401.60 per share, totalling ₹106.62 crore. SEI Trust Company, through its subsidiary, acquired these shares, marking an important shift in ownership within the market.

ITC Q3 FY25 Financial Highlights

ITC’s revenue from operations saw an encouraging 9.05% year-over-year growth, reaching ₹20,349.96 crore in the December quarter.

However, the company faced a 7.27% decline in consolidated net profit, which stood at ₹5,013.16 crore, down from ₹5,406.52 crore in the corresponding quarter of the previous fiscal year.

Conclusion

Wells Fargo’s sale of ₹106 crore worth of ITC shares through an open market transaction comes amid ITC’s steady performance. While the company reported a 7.27% decline in consolidated net profit, its 9.05% revenue growth highlights resilience.

On March 3, 2025, ITC’s stock closed at ₹397.45, reflecting investor interest. Moving forward, market participants will keep an eye on ITC’s financial performance and broader market conditions to evaluate its growth prospects.

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