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

Buzz line3 weeks 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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Up in smoke! LIC loses over ₹11,400 crore in 2 days amid 14% crash in ITC shares on tobacco tax hike

Buzz line1 month ago06 mins

It has not been a happy New Year for ITC shareholders. The cigarettes-to-FMCG conglomerate has seen its stock tumble 14% in two days to its lowest level in three years, hurt by the government’s announcement of a steep hike in the excise duty on tobacco products. This has resulted in the overall wealth evaporation of…

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