ITC slides 25% in six months as brokerages hold fire post-Q4; targets cluster at Rs 335-350
Excise-driven cigarette price hikes squeezed near-term EBIT, with net cigarette sales down 22% even as gross rose 30% YoY. MOFSL, Axis Direct, Nuvama and Elara stay on the sidelines, citing delayed FMCG and Paper recovery. Stock at Rs 302.65, down 1.74% intraday.
Excise-driven cigarette price hikes squeezed near-term EBIT, with net cigarette sales down 22% even as gross rose 30% YoY. MOFSL, Axis Direct, Nuvama and Elara
Business Today · Latest · 5/22/2026, 9:59:10 AM · Ask about this →