Traders should refrain from aggressive dip-buying in IT stocks and consider using rallies toward resistance as opportunities to sell until momentum improves, Sudeep Shah said.
Value buying has emerged in the stocks that significantly fell after govt imposed new excise duty on cigarettes; price hike also aided in bullish sentiment towards the beaten down stocks
Motilal Oswal recommended Neutral rating on ITC with a target price of Rs 365 in its research report dated January 30, 2026.
Sharp spike in NCCD to severely impact cigarette stocks
Prabhudas Lilladher recommended reduce rating on ITC with a target price of Rs 314 in its research report dated January 29, 2026.
Core business posts a steady performance in Q3FY26
Stocks to Watch, 30 Jan: Stocks like ITC, Tata Motors Commercial Vehicles, One 97 Communications Paytm, Swiggy, Colgate Palmolive India, NTPC Green Energy, Indegene, Great Eastern Shipping Company, Orient Cement, Container Corporation of India, MTAR Technologies, Usha Martin, and Syrma SGS Technology will be in focus on January 30.
ITC share price: The shares of the hotels-to-cigarettes conglomerate dropped to a fresh 52-week low of Rs 337.75 apiece. This takes the total market cap erosion to Rs 82,000 crore in just four days.
Sudeep Shah believes NHPC and Bosch look well poised to extend their upmove in the coming week, but advised caution on ITC after sharp fall last week.
It appears that a stable taxation regime is over for the cigarette industry
Motilal Oswal recommended Neutral rating on ITC with a target price of Rs 400 in its research report dated January 01, 2026.
ITC share selling weighed on Nifty FMCG index, which slipped over 1% percent. It was the only sectoral index in the red among the Nifty indices on Friday.
Prabhudas Lilladher recommended reduce rating on ITC with a target price of Rs 348 in its research report dated January 01, 2026.
ITC share price: The shares of ITC extended significant losses for the second consecutive session after the government notified new excise duty on cigarettes, effective from next month.
ITC share price: A total of 46 mutual funds held 14.3% stake in the company at the end of September 2025 quarter
FMCG stocks: ITC shares dropped 10% on Thursday after the government imposed new excise duty on cigarettes
This will be a clear negative as volumes will be impacted and concerns would also re-emerge on risk of losing some volumes to illicit industry, says Jefferies
Necessitated by the end of the GST compensation cess, the new indirect tax regime is expected to keep the tax outgo unchanged, but investors should wait for the fine print
Deven Choksey is bullish on ITC has recommended buy rating on the stock with a target price of Rs 486 in its research report dated November 06, 2025.
Insurance agents are seeking intervention from the government after insurers slashed commissions following the GST rate rejig, however, one official said the issue does not warrant council's intervention as the matter is a business arrangement within the industry.
ITC share price: Jefferies said cigarette volumes are better than peers, adding FMCG segment has beat estimates