Price at ₹307.40 is 18% below 200 SMA of ₹362.87, confirming long-term downtrend.
BAT plans $776M ITC Hotels stake sale, signaling restructuring.
No company-specific news in last 2 weeks.
P/E of 18.91x is low for stable earnings of ~₹19,731 Cr.
Post-demerger price at ₹307.40 is 18% below a relic 200 SMA of ₹362.87.
Stock range-bound ₹287-317; catalysts priced in, technicals deteriorating.
Price 18% below declining 200-day SMA; bearish trend dominates.
Technical deterioration: declining 50-day SMA, MACD collapsing from +1.82 to +0.53.