Brokerages bearish on ITC as excise duty on cigarettes may hit earnings growth, slash target prices by up to 34%

The sharp selloff has wiped off around Rs 72,000 crore from the company’s market capitalization in just two days.

ITC Share Price Highlights: ITC Stock Price History

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ITC shares fall 10%, Godfrey Phillips down 19% as govt imposes new excise duty on cigarettes

In December, the government approved a new law - the Central Excise (Amendment) Bill 2025 - that replaces a temporary levy on ...
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Can ITC stock break past Rs 400-mark again? Analyst view

Market expert said that Gaurav Sharma said that negative impact of tax hike has already been factored in and he sees very ...

Largest Indian Cigarette Maker ITC Plunges on Higher Tobacco Tax

Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled concerns about its impact on India’s largest cigarette maker.

ITC hit by cigarette tax shock! Brokerages downgrade stock as hike darkens outlook. Should you buy, sell or hold?

The government's surprise hike in cigarette excise duties has rattled the investment case for ITC, prompting a wave of brokerage downgrades, earnings .
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ITC Shares Fall 4% as Cigarette Excise Duty Hike Erases Rs. 70,000 Cr Market Value

ITC shares faced strong selling pressure after the government announced a steep hike in cigarette excise duty. The stock ...

ITC tanks 15% in 4 days, hits 33-month low after tax hike on cigarettes

A sharp decline in stock price of ITC has seen ₹75,675 crore market capitalisation erosion of the company in the past four ...
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ITC Hotels shares erase post-demerger gains; should you buy?

ITC Hotels was demerged from ITC Ltd in January 2025 and its shares listed on exchanges on January 29. ITC Hotels shares ...