New Delhi, Feb. 23 -- After rising over 4% last week, ITC shares are witnessing some profit booking. The FMCG stock declined by almost 1% in intraday trade on Monday, February 23, despite positive market sentiment. ITC share price opened flat at Rs.327 against its previous close of Rs.327 and dropped 0.80% to an intraday low of Rs.324.40 on the NSE. Meanwhile, equity benchmark Nifty 50 climbed by 0.80% to an intraday high of 25,771 on Monday.

ITC shares hit a 52-week low of Rs.302 on February 2. However, it started witnessing mild buying after that amid cigarette price hikes.

The stock is up about 1.5% for February so far after suffering losses for the last three consecutive months. In January, the stock suffered a massive loss of 20% d...