New Delhi, March 19 -- Diversified conglomerate ITC saw its shares extend losses for the third straight day on Thursday, March 19, falling another 2% to the day's low of Rs.298.55 apiece. The stock was last seen at this level in August 2022.

Today's decline has taken the stock's fall to 4.5% in March so far and a sharp 25.66% on a year-to-date basis. After closing 2025 with a 12% drop, the stock extended its weak trend into 2026, falling 21% in January, followed by another 3% decline in the subsequent month.

The additional excise duty on cigarette prices, along with muted performance in the December quarter, coupled with target price cuts by brokerages and rising competition, has dented investor sentiment, making the stock one of the wo...