ITC stock downgraded as excise duty hike raises margin, volume growth risks

ITC earnings estimates for FY27-28 have been cut after a sharp excise duty hike on cigarettes. Brokerages have downgrade the ...

Excise duty impact: ITC shares slide to new one-year low, Godfrey Phillips continues decline

ITC shares slipped 5.11 per cent to a fresh one-year low of Rs 345.35, while Godfrey Phillips India fell 4.58 per cent to a ...