NSE: ITC · 13 October 2026
- ITC Ltd shares declined by 2.69% during the trading session, settling at ₹258.85 after opening at ₹259.00. The stock traded within a narrow intraday band, reaching a high of ₹259.05 and a low of ₹257.40, which marks a new 52-week low level of ₹253.15.
- ITC Limited completed the secondary purchase of 13,445 equity shares of Sproutlife Foods Private Limited for approximately ₹645 crores. This transaction increases the company's shareholding from ~47.50% to 100%, making Sproutlife a wholly owned subsidiary. Sproutlife manufactures and sells food products under the Yoga Bar brand, reporting a turnover of ₹452 crores for fiscal year 2025-26.
- Trading volume was 0.06 times the 20-day average daily volume.
Why is ITC share price falling on 13 October 2026?
ITC Ltd shares declined by 2.69% during the trading session, settling at ₹258.85 after opening at ₹259.00. The stock traded within a narrow intraday band, reaching a high of ₹259.05 and a low of ₹257.40, which marks a new 52-week low level of ₹253.15.
In broader market comparison, the benchmark Nifty gained 0.56%, while the Nifty FMCG sector benchmark experienced divergent price action alongside broader index movements.
Company disclosures highlight ongoing portfolio evolution, including the recent completion of the Sproutlife Foods acquisition to create a wholly owned subsidiary on September 28, 2026, for a cash consideration of approximately ₹645 crores, following last quarter's financial performance where net profit stood at ₹3,579 crore. However, these corporate developments provide broader operational context rather than a direct, confirmed catalyst for today's price movement.
12.09 lakh shares traded by 13 October 2026 · 09:35 AM IST. This compares with a 20-day average daily volume of 1.93 crore shares (0.06 times). The five-day average daily volume was 4.12 crore shares. Separately, the NSE report for 12 October 2026 showed 71.25 lakh shares delivered, representing 47.83% of that day’s traded volume. The same report recorded 148,431 trades.
The stock moved lower in line with recent weakness and touched new 52-week lows, coinciding with large institutional block transactions where foreign entities trimmed stakes and domestic mutual funds absorbed shares.
Latest Company Developments
ITC Limited completed the secondary purchase of 13,445 equity shares of Sproutlife Foods Private Limited for approximately ₹645 crores. This transaction increases the company's shareholding from ~47.50% to 100%, making Sproutlife a wholly owned subsidiary. Sproutlife manufactures and sells food products under the Yoga Bar brand, reporting a turnover of ₹452 crores for fiscal year 2025-26.
The complete buyout scales up ITC's presence in the digital-first and innovative packaged foods segment in line with its future-ready product strategy.
ITC Infotech India Limited, a wholly owned subsidiary of ITC, approved the acquisition of a 22.106% equity stake in Happiest Minds Technologies Limited for approximately ₹1,330 crores, alongside a proposed scheme of amalgamation. The combined entity targets a pro-forma revenue scale of US$ 1 billion by FY28 with a workforce exceeding 19,000 professionals. Shares of ITC Infotech are expected to be listed post-amalgamation.
This strategic combination significantly expands ITC's footprint in digital engineering, cloud services, and specialized artificial intelligence capabilities.
ITC Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 16.50% on 30 June 2026. This compares with 16.76% on 31 March 2026, a change of -0.26 percentage points.
The filing reported 49 MF/UTI holders.
Research & Brokerage Views
Recommended as part of top stock ideas following recent quarterly earnings and sector positioning.
Maintained a constructive view on long-term value creation across core business segments.
Historical Bulk / Block Deals
What to Watch Next
- Execution progress of the Sproutlife Foods integration and Yoga Bar scaling
- Regulatory and NCLT approvals concerning the ITC Infotech and Happiest Minds amalgamation
- Delivery volume trends and institutional participation levels around the 52-week low support zones
- Upcoming quarterly financial performance updates and segment margin recoveries
Other Dated Coverage
- Why ITC Shares Jumped 5.08% Today: Volume & Rebound Analysis | 5 October 2026 — 5 October 2026
- Why ITC Shares Fell 2.61% Today: Market Weakness and Key Levels | 1 October 2026 — 1 October 2026
More ITC news and dated analysis →
Frequently Asked Questions
What is the latest ITC company news?
ITC Limited completed the secondary purchase of 13,445 equity shares of Sproutlife Foods Private Limited for approximately ₹645 crores. This transaction increases the company's shareholding from ~47.50% to 100%, making Sproutlife a wholly owned subsidiary. Sproutlife manufactures and sells food products under the Yoga Bar brand, reporting a turnover of ₹452 crores for fiscal year 2025-26.
How strong was ITC’s trading volume?
12.09 lakh shares traded, 0.06 times the 20-day average daily volume. The price and volume data are dated 13 October 2026 · 09:35 AM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.