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Why ITC's stock is down despite strong quarterly numbers
ITC's shares dipped slightly to ₹408.75 on Tuesday, even though the company just posted strong quarterly numbers.
Investors seem cautious, but ITC's profits and revenue are telling a different story.
ITC's Q4 net profit up 4 times (YoY)
Despite the stock drop, ITC's Q4 net profit shot up nearly four times compared to last year, and annual earnings per share jumped from ₹16.42 to ₹27.79.
That kind of growth is hard to ignore—especially if you're curious about how big companies perform when markets get jittery.
Why are investors selling?
Even with strong results and zero debt on its books, some investors are still holding back.
Still, ITC's steady track record and financial health make it one of those "safe bet" stocks for anyone looking for stability in unpredictable times.