ITC Shares Face Near-Term Technical Resistance After Q4 Results: SEBI RA Harika Enjamuri

ITC Ltd’s fourth-quarter (Q4) results show mixed performance with near-term technical weakness, according to SEBI-registered analyst Harika Enjamuri.

The company reported a standalone net profit of ₹19,562 crore for the quarter, largely driven by a one-time exceptional gain of ₹15,179 crore from discontinued operations. 

Excluding this, core profit rose just 0.8% year-on-year to ₹4,875 crore, falling short of market expectations. 

At the time of writing, ITC Ltd shares were trading at ₹437.80, up 2.75% or ₹11.70 

Revenue climbed 9.4% to ₹18,494 crore, supported by a solid cigarette segment that posted a 6% revenue growth to ₹8,399.6 crore and a 4% profit rise to ₹5,117.9 crore.

However, FMCG earnings dropped sharply, with core profit down 20.5% due to elevated input costs, while paper and packaging profits declined 31%, pressured by cheap imports and rising raw material prices.

Emjamuri said ITC’s stock faces resistance near its 50-day and 100-day simple moving averages at ₹432 and ₹427, respectively, closing 1.6% lower at ₹426.10 on Thursday. 

The relative strength index (RSI) at 47.96 signals weakening momentum. 

On the weekly chart, the stock remains below key resistance levels at ₹444 and the 50-week and 100-week SMAs, with an RSI of 46.12, according to the analyst.

Enjamuri noted support near ₹417 but warned that a drop below this could lead to further declines toward ₹403-₹399.

“Caution is advised unless a strong bullish volume breakout above the moving averages occurs,” she said.

On Stocktwits, retail sentiment was ‘neutral’ amid ‘high’ message volume.

The stock has declined 9.9% so far in 2025.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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