ITC Cigarette

ACC, IRCTC, IREDA, Akzo Nobel India, Emami, KPIT Technologies and Premier Energies also hit 52-week lows in the intraday trade on February 1

Share price of Kalyan Jewellers India tanked 14 per cent to hit a 52-week low of ₹390 amid heavy volumes.

As cigarette taxes rise sharply from February, sellers say smokers are already switching to cheaper, smuggled brands, exposing how price hikes may reshape India's smoking behaviour

A sharp decline in stock price of ITC has seen ₹75,675 crore market capitalisation erosion of the company in the past four trading days.

ITC shares slump as steep excise duty hike on cigarettes wipes out over $7 billion in market value and triggers a spate of brokerage downgrades

ITC stock is seen trading near its 4-year monthly Supertrend line indicator for the first time since September 2021.

Dec 4 (Reuters) - British American Tobacco is looking to offload its stake in India's ITC Hotels, it said on Thursday, through an accelerated bookbuild process

ITC shares have underperformed the market by falling 5 per cent in the past one month, as against a 2.2 per cent rise in the Nifty 50.

Brokerages were unanimous that the non-cigarette FMCG business remains a bright spot in ITC's portfolio.

The maker of 'Sunfeast' biscuits and 'Gold Flake' cigarettes reported a 5.4% rise in standalone profit of ₹5,180 crore ($589.34 million) for the quarter ended September 30

Emkay retained an 'Add' rating on ITC with a target price of ₹475, noting that the stock offers decent upside potential

ITC's stock rose as much as 1.98 per cent after it reported a multifold increase in its profit for the fourth quarter

According to media reports, the Indian government could consider raising GST on cigarettes and other tobacco products to 40 per cent once levy of compensation cess on cigarettes is stopped

Analysts and investors will keep an eye out for management's commentary on FMCG, cigarette business growth outlook

ITC's consolidated profit for the period came in at Rs 5,054.4 crore, up 1.8 per cent year-on-year (Y-o-Y), from Rs 4,964.5 crore in the same quarter a year ago (Q2FY24).

Sharekhan believes that ITC is entering a phase of consistent earnings growth trajectory

On the bourses, ITC stock has rallied 14.1 per cent over the past month. The stock hit an all-time high of Rs 510.60 on July 24, 2024. This was the first instance of ITC stock crossing Rs 500-mark.

At 9:17 AM, ITC shares were trading nearly 0.50 per cent lower at Rs 439.45 per share. In comparison, S&P BSE Sensex was down 0.14 per cent at 75,309.65 levels

The sale of 437 million ordinary shares in ITC through a block trade, will cut the Dunhill cigarette maker's shareholding to about 25.5% from about 29%

Puri told Business Standard in a recent conversation that the company would increasingly try to go outside India