Foreign institutional investors reduced their stake in the leading fast-moving consumer goods firm ITC from 39.87% in March 2025 to 34.83% in March 2026, reflecting a decrease exceeding 500 basis points over the year, with cuts occurring every quarter. The shares have fallen almost 30% during the last 12 months, rendering it among the more substantial losses for major companies. This downturn was intensified by an updated tax on tobacco products. In the past three years, the investment has yielded a 26% loss, though it achieved a 47% gain over five years.
