Stocks to watch today: SAIL, ITC, Petronet LNG, M&M, Tata Steel, NTPC
ITC is in focus.
· Business Standard Mkts
Stcocks to watch today: SAIL, ITC, Petronet LNG, M&M, Fortis, Tata Steel, NTPC, Fortis Healthcare, Fujiyama Power Systems, Vodafone Idea, are among other stocks that will remain in focus today.
The analysis
Against that, the stock is -3.8% on the day at ₹255.50, and has returned -9.4% over three months. It sits 39% below its 52-week high, which means a good deal of bad news was already in the price. The fmcg sector has moved -4.2% over the same period, so ITC is running 5.2 points behind its peers.
With ITC, Tata Steel and NTPC all implicated, this reads as a FMCG-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (ITC, TATASTEEL, NTPC), which points to a sector-level rather than company-specific driver.
- Sector exposure: FMCG, Metals & Mining, Power.
In this story
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