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
Prabhudas Lilladher is bullish on ITC has recommended buy rating on the stock with a target price of Rs 530 in its research report dated October 30, 2025.
Stable tax regime, consumption boost, easing cost pressure to aid growth, profitability
Stocks to Watch, 31 October: Stocks like ITC, DLF, Dabur India, Swiggy, Bandhan Bank, United Spirits, TD Power Systems, Manappuram Finance, Gillette India, Welspun Corp, LT Foods, Lodha Developers, Pidilite Industries, Motilal Oswal Financial Services, Datamatics Global Services, Navin Fluorine International, and Reliance Industries will be in focus on October 31.
ITC Q2 results: Board OKs voluntary delisting of shares from Calcutta Stock Exchange
Market sentiment is likely to remain favourable for bulls on the Muhurat trading day. Below are some short-term trading ideas to consider.
Net Sales are expected to increase by 2 percent Y-o-Y (down 3.7 percent Q-o-Q) to Rs 19,022.1 crore, according to Prabhudas Lilladher.
According to ED, the accused issued bogus GST invoices, fraudulently generating and passing on fake Input Tax Credit valued at over Rs 734 crore.The fraud spans three states and involves 135 shell companies
'At ITC, we will pass on the full benefits of the GST rationalisation across applicable products,' Sumant said.
While GST 2.0 aims to streamline tax rates, bricks continue to attract dual levy under a special composition scheme, a structure that has remained unchanged since its introduction in 2022.