ITC shares in focus after Rajiv Jain-backed GQG sells stake worth Rs 9,395 crore. What’s ahead after 30% crash in 2026

ITC shares will be in focus after Rajiv Jain-backed GQG sold shares worth Rs 9,395 crore, reducing its stake amid a sharp stock decline. Cigarette tax hikes, inflation and rising oil prices weighed on performance. Investors now await quarterly earnings, while brokerages remain divided on the stock’s outlook and valuation prospects.