Mint

ITC stock to stay under fire for now, after cigarette tax shock

For ITC Ltd, the new year began on a gloomy note. Cigarette taxes are set to increase, which would hurt the company’s volumes, potentially hitting revenue growth and profitability. The government has ...
Hindustan Times

ITC shares plunge most in six years after India raises tobacco, cigarette tax

Shares of India's largest cigarette maker ITC Ltd. fell the most in six years after the government imposed higher tax on tobacco products. ITC is India's largest cigarette maker, drawing 40% revenue ...
Business Line

ITC shares plunge 3.8% as brokerages slash targets after unprecedented cigarette tax hike

ITC Limited shares continued their decline on Friday afternoon, trading at ₹349.95, down 3.82 per cent from the previous close of ₹363.85, following an unprecedented government tax hike on cigarettes ...
The Financial Express

Cigarettes to get costlier? ITC plunges to 52-week low – Jefferies warns of 15% price hike

Taxation Trouble: ITC shares plummeted to a fresh 52-week low today after the government notified a substantial hike in excise duty. (Image: Canva) However, Jefferies is yet to make changes to the ...
moneycontrol.com

ITC shares fall 5% to fresh 52-week low on multiple rating downgrades: Check latest target prices

The shares of ITC dropped more than 5 percent on January 2, extending significant losses for the second consecutive session after the government imposed new excise duty on cigarettes, effective from ...
Hindustan Times

ITC market cap erodes by ₹63,000 crore as ‘tax shock’ stokes concerns on profitability

India's largest cigarette maker ITC Ltd. wiped out nearly $7 billion (~ ₹63,000 crore) in market capitalisation after the government's cigarette “tax shock” stoked concerns on profitability. ITC is ...
moneycontrol.com

ITC shares fall 14% in two days, here's why GQG's Rajiv Jain called the firm a 'great growth story' two years ago

With ITC shares falling 14% in two days, a value investor is reminded of why GQG Partners CIO Rajiv Jain saw the stock as "incredibly attractive" two years ago. ITC is a great growth story and is ...
Indiatimes

ITC price target slashed 26% on likely cigarette price hikes

MUMBAI/KOLKATA: Several brokerages downgraded ITC and cut their target price for its stock by up to 26% on the back of a proposed sharp hike in taxes on tobacco products. These cuts came even as ...

The Dark True Crime Story Behind the Boomtown Rats' 'I Don't Like Mondays'

"I Don't Like Mondays" earned the band top honors for Best Pop Song and Outstanding British Lyric at the 25th Ivor Novello ...
Indiatimes

ITC hit by cigarette tax shock! Brokerages downgrade stock as hike darkens outlook. Should you buy, sell or hold?

The government's surprise hike in cigarette excise duties has rattled the investment case for ITC, prompting a wave of brokerage downgrades, earnings cuts and valuation resets as analysts brace for ...
The Financial Express

ITC slides 15% in 2 days: Is India’s favourite dividend king ITC, still a ‘Buy’?

ITC share price plunges 15% after excise duty shock; Nuvama cuts target citing tax headwinds. (Image: AI, Canva) For years, ITC has been the “safe haven” for Indian retail investors, prized for its ...
Bloomberg L.P.

Largest Indian Cigarette Maker ITC Plunges on Higher Tobacco Tax

Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled concerns about its impact on India’s largest cigarette maker. Cigarettes will ...