ITC: “Will”(s) “Gold Flake” assist “Ashirwad” to win “Bingo!”?

Highlights:

1. Key Buyers: Major buyers of ITC shares included ICICI Prudential Mutual Fund, the Government of Singapore, and Capital Group.
2. Transaction Value: The block deals amounted to nearly Rs 17,500 crore.
3. Share Price Impact: ITC shares closed at Rs 422.40, a 4.49% increase after the deals.
4. Analysts’ View: Positive outlook due to ITC’s strong brand and potential for FMCG volume growth.

Lowlights:

1. Concentration Risk: High volume of shares being traded might indicate significant offloading by certain entities, potentially hinting at some investors reducing their exposure.

Refer to the full article – (Who are buyers of ITC shares in nearly Rs 17,500 crore block deals? – BusinessToday).