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ITC share price hits 52-week low, crashes 17% in nine sessions. Should you buy, sell or hold?

Buzz line2 months ago06 mins

Shares of FMCG giant ITC fell 1% to ₹334.85 apiece, hitting a fresh 52-week low, on Tuesday, January 13, as the market reacted to broader weakness and the looming excise duty hike on cigarettes. The FMCG stock has been in focus since the beginning of the year after the government announced a hike in cigarette…

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ITC shares crash 10% to near three-year low on higher tobacco tax: Should investors consider buying the dip?

Buzz line3 months ago07 mins

New year cheer seems to be missing for ITC shares that have plunged almost 10% on Thursday, January 01, to their lowest level in nearly three years after the government announced excise duty on tobacco products effective February 1. According to a Finance Ministry notification last evening, cigarettes will be charged an excise duty ranging…

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