ITC Ltd

ITC shares jumped 3 per cent after reports said that the company has hikes cigarette prices. Analysts said that ITC stock is currently forming a base after the recent breakdown

As a strategy, Gaurang Shah, head investment strategist at Geojit Investments remains selectively bullish on the FMCG stocks on the back of a likely improvement in semi-urban and rural demand.

G Chokkalingam of Equinomics Research believes that a pullback in ITC was overdue, as the sell-off was way beyond his expectations. The analyst sees fair value for ITC in the range of ₹375 - ₹380 leve

A technical scan on Nifty 500 stocks reveals that 6 shares were trading in overbought territory based on the RSI parameter, while 66 languished in the oversold zone a day ahead of the Union Budget.

In the December quarter, ITC's consolidated net profit (attributable to owners) came in at ₹4,931.19 crore, affected by a one-time provision related to the new labour codes and a base effect

Stocks to Watch today: Tata Motors CV, Swiggy, ITC, Vedanta, Paytm, Colgate, and Voltas are among the stocks to watch today, January 30, 2026

Bata India, Indian Hotels, IGL, MGL, Just Dial, Kalyan Jewellers, Jubilant FoodWorks, Oberoi Realty, Mankind Pharma and Suzlon Energy have hit their respective 52-week lows.

ITC stock crash: Market experts decode trading strategy as ITC shares slide over 18% in January 2026 post tax hike on cigarettes. Analysts warn of possible further 19% fall; here's why

Analysts attribute the pullback in Godfrey Phillips to value-buying, as the stock had shed nearly 50% in the last five months. ITC, meanwhile, has witnessed a gradual 29% dip from September 2024 high.

In the past two trading days, the BSE Sensex has slipped 1.6 per cent owing to the US tariff related uncertainties. In the same period, the BSE 500 index has shed 2.1 per cent.

Technical charts show that ITC, Godfrey Phillips, Jubilant FoodWorks, AWL Agri Business and United Breweries are trading in oversold zones based on the 14-day RSI parameter.

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

Technical charts suggest that ITC, Adani Power, Dabur India, NTPC and Hyundai Motor India shares can potentially rally up to 26% on the upside; whereas Dabur India and Bandhan Bank can decline by 10%.

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

Firm's Q2 net profit surges 74%; outlook for H2 upbeat

Technical charts show that FMCG shares - ITC, HUL, Nestle India, Colgate-Palmolive and Marico were trading near key support levels; a downside breakout can trigger a fall up to 13% from here.

ITC Ltd chairman and managing director Sanjiv Puri on Friday said that there is a need to create business models that put people and the planet at the centre, as enterprises have a social role to play. Speaking at an event of the Merchants' Chamber of Commerce and Industry (MCCI) here, Puri said that the "challenges are daunting because we are living in a very different world". "There is a need to reimagine how we do business in future with a focus on innovation, sustainability, resilience and skilling. And we need to create business models that put people and the planet at the centre", he said. Puri said circularity is a trend that is picking up. Regenerative business models would come in, and that is an opportunity because things will be created from scratch, he said. "Digitisation and digital transition in the services economy is a reality, and India has a big advantage. Also, resilience in the supply chain is important," Puri said. Investments in innovation and R&D are equall

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

ITC Ltd Chairman Sanjiv Puri on Tuesday hailed Prime Minister Narendra Modi's call for next-generation reforms, particularly in the Goods and Services Tax (GST) framework, saying the move will trigger a virtuous cycle of consumption, investment, growth and employment. He said the government's focus on affordability and accessibility of essential items, including food, will provide significant relief to the middle class, micro, small and medium enterprises (MSMEs), and farmers. "The government's resolve to ensure ease of living by enhancing affordability and accessibility of all items meant for daily consumption will benefit the sizeable middle-class population, MSMEs and farmers," Puri said in a statement. A transparent, simplified and growth-oriented tax structure will not only improve competitiveness of enterprises but also promote ease and cost efficiency in doing business, he added. "The proposed measures will enable formalisation of the economy, create a more tax-compliant ...

FMCG stocks in demand as government plans big GST rate reforms, marking the second major fiscal stimulus in FY26 after personal income tax cuts with an aim to boost consumption.