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BROKERAGES DOWNGRADE ITC
Buy, Sell or Hold: Citi maintains buy on Endurance Technologies; HDFC Securities downgrades Data PatternsBrokerages offer mixed outlooks on midcap stocks, with Citi maintaining a 'Buy' on Endurance Technologies due to strong Q4 results and HDFC...- ITC shares in focus as stock hits 3-year low, brokerages downgrade after steep excise duty hike on cigarettesITC shares slid to a three-year low after a sharp tobacco tax hike triggered widespread brokerage downgrades. Analysts warn that higher exc...
- ITC slides to three-year low as tobacco excise hike prompts brokerage downgradesITC shares plummeted to a three-year low following a government excise duty hike on tobacco products. Brokerages downgraded the stock, citi...
- LIC's losses mount to Rs 10,445 crore in ITC in 2 days as stock plummets 13% after tax hikeLIC 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...
- 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 d...
- 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, earning...
- 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 cig...
- After a 5% rally in 2 days, ITC earns a downgrade. Here's whyEmkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data...
- Hot Stocks: Brokerage views on Mphasis, Ashok Leyland, ITC and Piramal PharmaMacquarie has downgraded Mphasis to underperform and lowered its target price, while maintaining an outperform rating on Mastek. Bofa Secur...
- Multiple headwinds likely to weigh on consumer stocksJefferies has cut FMCG giant Hindustan Unilever's earnings estimates for 2022-23 by 9% and by 3% for 2023-24. With soaps and detergents - t...
- Street positive on ITC’s FMCG business outlookCLSA said the inflationary setting is likely to influence its near-term margin but it is confident of the improving margin trajectory for t...
- Brokerages downgrade ITC post Budget disappointmentITC’s cigarette business, which accounts for three of every four cigarettes sold legally, reported 4.7 per cent growth in revenue in the De...
- ITC may need 10-15% cigarette price hikeCompany’s net profit for the period was up by 29 per cent at Rs 4,141.93 crore beating Street estimates.
- Edelweiss downgrades ITC to 'hold'The brokerage added that prices hikes may lead to better GST collections, but its impact on volumes needs to be seen.
- Brokerages downgrade ITC, cut target price by up to 32%ITC would need to hike cigarette prices to grow earnings, which may impact volumes.
- ITC chokes on its own smoke! Set for steepest fall since 1992The brokerage has maintained hold rating on ITC with a target price of Rs 320.
- Add ITC, target Rs 265 : ICICI SecuritiesThe brokerage expects one of the three scenarios on GST tax incidence to emerge status quo, high demerit rate or tax neutral rate with lowe...
- Top 5 stock picks by global brokerages that can make you money in 12 monthsGlobal brokerages such as Goldman Sachs and CLSA last week downgraded Godrej Consumer Products, Yes Bank and Maruti Suzuki in notes to thei...
- HUL rallies over 4% post Q2 results; ITC, Colgate Palmolive slipMorgan Stanley downgraded ITC from ‘overweight’ to ‘equalweight’ and has also slashed its target price from Rs 425.00 earlier to Rs 360.00.
- Excise hike to dent cigarette volumes: SharekhanShares of ITC and Godfrey Phillips India were badly hit after the finance minister proposed an increase in cigarette taxes, forcing brokera...
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