NSE: ITC · 3 November 2026
- ITC Ltd (ITC) shares moved higher today, gaining 2.82% to close at ₹273.90 compared to its previous close of ₹266.40. The stock opened at ₹270.50 and traded within a day's range of ₹264.85 to ₹273.90, eventually finishing at the session high.
- ITC announced that its Board of Directors approved the Scheme of Amalgamation of its wholly owned subsidiary, Sproutlife Foods Private Limited, with the company under Sections 230 and 232 of the Companies Act, 2013, to take effect from April 1, 2026. Sproutlife manufactures health-focused food products under the 'Yoga Bar' brand, and the merger aims to streamline operations and unlock synergies without requiring any fresh share issuance since it is a wholly owned subsidiary.
- Trading volume was 1.30 times the 20-day average daily volume.
Why is ITC share price rising on 3 November 2026?
ITC Ltd (ITC) shares moved higher today, gaining 2.82% to close at ₹273.90 compared to its previous close of ₹266.40. The stock opened at ₹270.50 and traded within a day's range of ₹264.85 to ₹273.90, eventually finishing at the session high.
The broader market and sector environment showed strong positive momentum, with the benchmark Nifty advancing 1.58% and the Nifty FMCG sector surging 3.65%. ITC's performance aligned with this broader sectoral strength, building on a 5-day return of 5.35% while recovering from a softer 20-day return of 1.86%.
Company context includes the recent board approval on November 2, 2026, for the scheme of amalgamation of its wholly owned subsidiary Sproutlife Foods Private Limited (known for the 'Yoga Bar' brand) with ITC, effective April 1, 2026. Additionally, the company reported its financial results for the quarter ended September 30, 2026, highlighting a 14-quarter high in FMCG revenue growth and strong recovery in the paper segment following the recent acquisition of Century Pulp and Paper, though these fundamental disclosures serve as broader background rather than direct tactical triggers for today's price action.
3.03 crore shares traded by 3 November 2026 · 03:25 PM IST. This compares with a 20-day average daily volume of 2.33 crore shares (1.30 times). The five-day average daily volume was 1.91 crore shares. Separately, the NSE report for 2 November 2026 showed 69.23 lakh shares delivered, representing 52.69% of that day’s traded volume. The same report recorded 99,085 trades.
ITC shares gained 2.82% on above-average volume, moving in tandem with a robust rally in the Nifty FMCG sector and broader market indices following the recent announcement of Q2 financial results and subsidiary integration plans.
Latest Company Developments
ITC announced that its Board of Directors approved the Scheme of Amalgamation of its wholly owned subsidiary, Sproutlife Foods Private Limited, with the company under Sections 230 and 232 of the Companies Act, 2013, to take effect from April 1, 2026. Sproutlife manufactures health-focused food products under the 'Yoga Bar' brand, and the merger aims to streamline operations and unlock synergies without requiring any fresh share issuance since it is a wholly owned subsidiary.
Simplifies corporate holding structure and integrates the digital-first Yoga Bar brand more closely into ITC's fast-moving consumer goods ecosystem.
ITC submitted its standalone financial results for the quarter ended September 30, 2026, reporting gross revenue from sale of products and services at ₹28,152.21 crores and a profit for the period of ₹4,137.12 crores. The company highlighted robust growth across non-cigarette FMCG segments alongside a strong recovery in the paper segment following the acquisition of the Century Pulp and Paper undertaking.
Provides key fundamental metrics on revenue growth, segment performance, and profitability for valuation and operational assessment.
ITC Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
ITC Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 17.02% on 30 September 2026. This compares with 16.50% on 30 June 2026, a change of +0.52 percentage points.
The filing reported 52 MF/UTI holders.
Research & Brokerage Views
Reviewed ITC's Q2 performance, noting strong FMCG performance offset by cigarette business pressures, maintaining a Neutral rating with a target price of ₹300.
Upgraded ITC to 'Buy' following strong strategic execution in cigarette pricing and portfolio management.
Historical Bulk / Block Deals
What to Watch Next
- Execution and operational integration milestones following the Sproutlife Foods amalgamation
- Volume trends relative to the 20-day average volume of 1.3x
- Delivery percentage sustainability above the 52.69% mark
- Performance and margin trajectory of the non-cigarette FMCG and paper segments
Other Dated Coverage
- ITC Share Price Today: Why ITC Is Falling 2.69% | 13 October 2026 — 13 October 2026
- 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 announced that its Board of Directors approved the Scheme of Amalgamation of its wholly owned subsidiary, Sproutlife Foods Private Limited, with the company under Sections 230 and 232 of the Companies Act, 2013, to take effect from April 1, 2026. Sproutlife manufactures health-focused food products under the 'Yoga Bar' brand, and the merger aims to streamline operations and unlock synergies without requiring any fresh share issuance since it is a wholly owned subsidiary.
How strong was ITC’s trading volume?
3.03 crore shares traded, 1.30 times the 20-day average daily volume. The price and volume data are dated 3 November 2026 · 03:25 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 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.