Shares of retail favourite ITC went up 40% this year in anticipation of the hotels business demerger but as soon as the company announced the spin-off, traders started to dump the stock. On Monday, it declined 4% and then in Tuesday's trade it fell another 3%, taking the slide to 7% in 2 days. Here are a few reasons why investors are selling ITC shares now.

Source: Economic Times July 25, 2023 18:36 UTC