The ITC share price has fallen by 7% in the last two days due to a combination of factors, including:
- Investor disappointment with the hotel demerger fine print. ITC announced on July 21 that it would be demerger its hotel business into a separate subsidiary. However, the fine print of the demerger has some investors concerned.
- Worries about the global economic slowdown. The global economy is showing signs of a slowdown, and this is weighing on investor sentiment.
- The stock is overvalued. ITC’s share price has been on a tear in the past few years, and it is now trading at a significant premium to its peers. This has made the stock more vulnerable to a sell-off.
In addition to these factors, there are some other possible reasons for the decline in the ITC share price. For example, some investors may be concerned about the company’s recent financial performance. ITC’s revenue and profit growth have slowed in recent quarters, and the company’s margins have been under pressure.
It is difficult to say whether the ITC share price will continue to fall in the near future. However, the factors that have caused the decline in the stock price are still present, so it is possible that the sell-off will continue.
Overall, the decline in the ITC share price is due to a combination of factors, including disappointment with the hotel demerger fine print, worries about the global economic slowdown, and the stock being overvalued. It is difficult to say whether the sell-off will continue, but the factors that have caused the decline are still present.