ITC Limited shares touched a fresh 52-week low on Wednesday, June 3, reversing gains from the previous session. The stock had closed 1.29% higher on Tuesday but failed to maintain the upward momentum, slipping to a new 52-week low.
The correction has been sharp, with the stock falling more than 40% from its record high of around ₹500. The decline also extends ITC's weak run in 2026, making it one of the major underperformers among large-cap stocks this year.
Despite the decline in share price, leveraged positioning in ITC has increased sharply. According to NSE margin trading facility (MTF) data, leveraged positions in ITC rose to ₹1,794 crore as of June 1, 2026.
This marks a significant jump of 86.5% compared to ₹962 crore recorded on April 30, 2026.
As a result of the increase in leveraged exposure, ITC has moved up in the MTF ranking. It was previously the ninth most leveraged stock as of April 30 and has now climbed to the second position, behind HDFC Bank.
ITC reported a 5% year-on-year increase in standalone net profit at ₹5,113 crore for the quarter ended March 2026, compared to ₹4,875 crore in the same period last year.
Revenue from operations rose 17% year-on-year to ₹21,695 crore, up from ₹18,495 crore in the corresponding quarter of the previous year. Profit before tax increased 4% year-on-year to ₹6,694 crore.
Total expenses during the quarter stood at ₹15,656 crore, higher than ₹12,873 crore reported in the year-ago period.
The company’s board also recommended a final dividend of ₹8 per share for the financial year ended March 2026.
As of June 3, 2026, at 11:10 AM, ITC share price was trading at around ₹276.25, down 2.47% from the previous day's closing price. The stock ended 1.3% higher on Tuesday at ₹283.40.
The stock has declined by over 12% in the past month and is down more than 24% so far in 2026.
ITC Limited witnessed a volatile trading session as the stock touched a fresh 52-week low today. Despite recent weakness in the stock price, leveraged positions in the company have increased significantly, reflecting a sharp rise in margin trading activity. The stock has also continued to trade lower on a year-to-date and monthly basis despite reporting growth in quarterly financial performance.
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Published on: Jun 3, 2026, 11:55 AM IST
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