ITC Share Price Rises For Third Straight Session, Add ₹16,000 Crore to Market Cap

ITC shares extended gains for the third straight trading session, supported by strong buying across the FMCG sector.

The stock touched an intraday high of ₹317.50 and was trading around ₹317, up about 4%. It also emerged as one of the top gainers in the Nifty 50 index.

Trading volumes surged significantly:

• Around 21 million shares traded on NSE vs 13 million in the previous session
• BSE volumes rose more than 1.6 times

The rally added over ₹16,000 crore to the company’s market capitalisation, taking it to about ₹3.97 trillion.

ITC Underperformance Continues To Weigh

Despite the recent rally, ITC has been a weak performer:

• Down 13% in 2026 so far vs Nifty’s 7% fall
• Down 26% in the past one year
• Negative returns over 2 and 3 years

The stock has faced pressure after the government introduced higher taxes on tobacco products, including a 40% GST plus additional excise duties from February 2026.

About ITC Limited

ITC Limited is a diversified Indian conglomerate headquartered in Kolkata. The company operates across six major segments, including FMCG, agribusiness, information technology, paper products, and packaging, with a significant share of its revenue coming from its tobacco business.

Also Read: Varun Beverages Q1 CY2026 PAT Jumps 20% YoY!

ITC Share Price Movement

ITC share price (NSE: ITC) closed at ₹316.00 on April 29, 2026, rising ₹11.55 or 3.79% for the day. The stock opened at ₹305.10 and moved between an intraday low of ₹305.10 and a high of ₹317.50. The company’s market capitalisation stood at about ₹3.96 lakh crore with a price-to-earnings (P/E) ratio of 11.31. The stock’s 52-week range is ₹287.00 to ₹444.20, and it offers a dividend yield of 4.54%, with a quarterly dividend amount of ₹3.59.

Conclusion

The recent rally in ITC signals renewed investor interest and strong buying momentum in FMCG stocks. However, the stock’s longer-term performance remains challenged by regulatory pressure on tobacco and recent underperformance versus the broader market. 

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