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
In two sessions, ITC shares declined over 5 per cent, Godfrey Phillips over 6 per cent and VST Industries over 3 per cent
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.
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, Godfrey Phillips and VST Industries fell up to 10 per cent, after Centre notified February 1 as the date from which additional excise duty will be levied on tobacco
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The stock of cigarettes & tobacco products company - Godfrey Phillips - turned ex-date for 2:1 bonus issue viz., 2 new bonus equity shares for every 1 existing equity share on Tuesday.
Tobacco stocks like ITC, VST and Sinnar Bidi fell up to 5 per cent today after govt signaled an extra GST cess on cigarettes and bidis, raising margin risks. Analysts suggest stock strategy ahead
HBL Engineering, Godfrey Phillips, Ola Electric, Sarda Energy and Uno Minda gained over 20% in Aug. In general, 20% gain is considered a bullish sign; here's a technical check on these 5 stocks.
Godfrey Phillips had delivered robust domestic cigarette sales volume growth in the April to June 2025 quarter (Q1FY26)
Technical charts show that alcohol and tobacco-related stocks such as ITC, VST Industries and United Spirits seem to be unfavourably placed, and could fall up to 18 per cent from here.