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 ...

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 ...

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 ...

ITC's share price has been under pressure this year, largely due to British American Tobacco (BAT) selling its stake in the company, a 40% GST slab on “sin” goods, corrections in the FMCG sector, and ...

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 ...

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 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 ...

ITC shares fell 10 percent after new excise duty on cigarettes was announced Mutual funds and LIC hold major ITC stakes Excise duty hike may impact ITC's margins and cause stock price volatility ...

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 ...

ITC, which had 35.73 lakh small individual investors as of September 30, saw its shares slump to the lowest level since February 2023 after its market capitalisation eroded by about Rs 49,000 crore, ...