ITC STOCK DOWNGRADES
Market resumes Diwali cheers: Sensex rises 107 points, Nifty ends near 25,050. Why Citi, HSBC are turning bullish?
Sensex and Nifty ended positively after recovering from early losses during the Muhurat Trading session. Nifty PSU Bank index rose significantly, while IT stocks declined, affecting overall market sentiment. Analysts from Citi and HSBC are optimistic about the future of Indian equities amid improving fundamentals. Investors are currently awaiting inflation data to gauge interest-rate trajectories and monitor crude oil prices.
Happiest Minds shares fall for 5th day as merger concerns weigh
The stock of Happiest Minds Technologies has experienced a significant downturn due to uncertainty related to the ITC Infotech integration. Promoters will cash in, whereas minority shareholders are set to receive shares in the merger. The merger is expected to enhance long-term profitability. Yet, HDFC Securities has downgraded the stock, pointing out the lack of a takeover premium and the anticipated integration time.
ITC shares in focus as stock hits 3-year low, brokerages downgrade after steep excise duty hike on cigarettes
ITC shares slid to a three-year low after a sharp tobacco tax hike triggered widespread brokerage downgrades. Analysts warn that higher excise and GST rates could force steep price increases, hurt cigarette volumes, and compress margins, prompting target cuts and cautious outlooks despite ITC’s diversified FMCG presence.
ITC slides to three-year low as tobacco excise hike prompts brokerage downgrades
ITC shares plummeted to a three-year low following a government excise duty hike on tobacco products. Brokerages downgraded the stock, citing fears of dampened cigarette demand and significant impact on profitability. Investors are advised to wait for clarity on price hikes and volume trends before considering buying.
LIC's losses mount to Rs 10,445 crore in ITC in 2 days as stock plummets 13% after tax hike
LIC has incurred losses of over Rs 10,400 crore in just two days as ITC shares plunged 14% following a steep excise duty hike on cigarettes. The tax increase triggered heavy selling and multiple broker downgrades, with analysts warning that significant price hikes may be required to offset the higher duty burden.
ITC shares plunge to 3-year low after tax bombshell: Is this a falling knife or hidden value?
ITC shares slid to a three-year low after a sharp two-day, 14% fall triggered by a steep cigarette tax hike, prompting multiple brokerage downgrades amid concerns that large price increases will be needed to offset the impact, risking volumes and earnings.
ITC hit by 6 brokerage downgrades as cigarette tax hike darkens earnings outlook. Should you buy, sell or hold?
Brokerages have turned sharply cautious on ITC after the government’s steep hike in cigarette excise duties, triggering downgrades, earnings cuts and valuation resets. While domestic brokerages warn of volume pressure and a revival of illicit trade, Jefferies has retained a Buy rating, arguing that long-term returns and cash payouts could cushion near-term pain.
Tax shocker makes Nuvama downgrade ITC shares, says cigarette prices can go up 20%
Nuvama cut ITC’s target price to Rs 415 and downgraded the stock to hold after the government announced a sharper-than-expected hike in cigarette taxes. The brokerage expects price hikes to hurt volumes and EBITDA from FY27, prompting earnings downgrades. However, strong cash flows, a high dividend payout and growth in non-tobacco businesses offer downside support.
AMFI reshuffle: Mazagon Dock and Global Health among 18 stocks that may be upgraded in H2 CY25
AMFI's upcoming rejig for H2 CY25 could see 18 stocks upgraded to large-cap and mid-cap segments, including Mazagon Dock and Global Health. Ten stocks may move from small-cap to mid-cap, such as Laurus Labs and Global Health. However, some stocks, including RVNL and Dabur, could be downgraded. The recategorization will be effective from August 1, 2025.
After a 5% rally in 2 days, ITC earns a downgrade. Here's why
Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.
Street positive on ITC’s FMCG business outlook
CLSA said the inflationary setting is likely to influence its near-term margin but it is confident of the improving margin trajectory for the other FMCG business on the back of an improving sales mix, falling incubation costs and operating leverage benefits.
Brokerages downgrade ITC post Budget disappointment
ITC’s cigarette business, which accounts for three of every four cigarettes sold legally, reported 4.7 per cent growth in revenue in the December quarter at Rs 5,310.98 crore. The company’s net profit for the period was up by 29 per cent at Rs 4,141.93 crore beating Street estimates. Brokerages Phillip Capital and Edelweiss have downgraded the stock following the Budget development.
ITC may need 10-15% cigarette price hike
Company’s net profit for the period was up by 29 per cent at Rs 4,141.93 crore beating Street estimates.
Brokerages downgrade ITC, cut target price by up to 32%
ITC would need to hike cigarette prices to grow earnings, which may impact volumes.
Rs 8,150 crore gone in a day: LIC takes biggest hit in ITC’s free fall
LIC has been raising stake in ITC, from 12.17% four years ago and 14.3% as of March 2016.
ITC chokes on its own smoke! Set for steepest fall since 1992
The brokerage has maintained hold rating on ITC with a target price of Rs 320.
Top 5 stock picks by global brokerages that can make you money in 12 months
Global brokerages such as Goldman Sachs and CLSA last week downgraded Godrej Consumer Products, Yes Bank and Maruti Suzuki in notes to their clients.
RIL pips ITC to become second most-valued firm on BSE
A selling spree in ITC following custom duty on cigarettes made Reliance Industries the second most-valued company on BSE in terms of market capitalisation.
Defensives go on the back foot; steep valuations hurt ITC, Sun Pharma
Investment experts say that with most of ITC's earnings coming from the tobacco segment, the company faces risk from controls and the government's tax policy.
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