ITC, RIL, BEL, JFS among 13 Nifty stocks to hit 52-week lows in October; target prices
Business Today 1 hr ago·9 Oct 2026, 9:15 am
ITC’s shares slipped to their lowest point in 52 weeks in October, making it one of 13 Nifty‑50 stocks that hit fresh yearly lows. The decline came amid a broader sell‑off in large‑cap names, driven by concerns over slowing consumer demand and higher input costs.
For investors, the move is noteworthy because ITC is a heavyweight in the consumer‑goods and tobacco sectors and a key dividend payer. A dip to a multi‑year low can affect portfolio weightings and may signal pressure on earnings or margins. Market participants will be watching the company’s upcoming earnings report, any guidance on sales trends, and policy developments that could impact its tobacco and FMCG businesses.
Going forward, key triggers include the quarterly results release, changes in inflation or interest‑rate outlook, and any regulatory announcements affecting the sector. Technical levels such as support around the recent low and resistance near prior highs will also be closely monitored.
Excerpt from Business Today
Emkay expects ITC's net sales to grow 3 per cent YoY, while Ebitda is likely to decline 15 per cent, mainly due to the drag from the cigarettes segment. Reliance Industries Ltd (RIL), Bharat Electronics Ltd (BEL), ITC Ltd, Bharti Airtel Ltd and Jio Financial Services Ltd are among 13 Nifty constituents that hit their…Read the original at Business Today
Affected stocks
Bearish2 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns ITC (ITC).
- Category: Stocks.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
- Also mentions BEL.
Why it matters
This is a high-impact development for ITC and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
