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
Thus far in the calendar year 2026, the BSE FMCG index has underperformed the market by falling 7 per cent, as against 4.8 per cent decline in the BSE Sensex.
In two sessions, ITC shares declined over 5 per cent, Godfrey Phillips over 6 per cent and VST Industries over 3 per cent
ACC, IRCTC, IREDA, Akzo Nobel India, Emami, KPIT Technologies and Premier Energies also hit 52-week lows in the intraday trade on February 1
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
Firm says GST rate rejig, duty changes have led to an unprecedented increase in tax incidence on cigarettes
The conglomerate warned that a new excise duty on cigarettes will lead to a rise in illicit trade, causing hardship and loss to millions of farmers, MSMEs, retailers, and local value chains
Q3FY26 company results: Firms including Dabur India, Tata Motors, Paytm, Swiggy, and Canara Bank are also to release their October-December earnings today
ITC Q3 results preview: Brokerages tracked by Business Standard estimate ITC's net profit to average ₹5,175.85 crore, compared to ₹4,893.4 crore a year ago, up 1.6 per cent Y-o-Y
Share price of Kalyan Jewellers India tanked 14 per cent to hit a 52-week low of ₹390 amid heavy volumes.
ITC will pursue selective, value-accretive acquisitions while banking on premiumisation and a gradual recovery in consumption to outpace FMCG industry growth
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.
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.
The brokerage expects the price hike will have a significant impact on volumes, pressure margins, increase illicit trade, stifle growth and the company's ability to recruit consumers.
ITC earnings estimates for FY27-28 have been cut after a sharp excise duty hike on cigarettes. Brokerages have downgrade the stock, citing margin and volume risks