India eyes fiscal support for domestic EV battery supply chainIndia is planning new incentives to boost local production of battery components. This move aims to reduce import dependence for electric v...
PM Internship Scheme gets campus hiring option as govt pushes wider industry participationGreat news for aspiring interns: the Ministry of Corporate Affairs has opened the doors for companies to recruit directly from academic ins...
Mother’s Day 2026: Why mutual fund SIPs, emergency funds, and insurance are essential for mothersFinancial experts emphasize smart planning for mothers' future security, urging early and consistent investing. Flexi-cap and large-cap fun...
ITC, paints, QSR: Abneesh Roy on what you should buy and avoid right nowConsumer sector outlook for FY27 faces challenges from cigarette tax hikes and crude oil shocks. Abneesh Roy of Nuvama Institutional Equiti...
ITC shares rally nearly 10% in 2 sessions to cross Rs 500 markITC's shares soared nearly 10% in 2 days, surpassing Rs 500 and hitting a record Rs 510.60 on BSE. A 5% jump followed after the government ...
Budget 2024: Rs 11.11 lakh crore of capex plan not enough? CII wants more in budget to push growthThe Confederation of Indian Industry (CII) is advocating for a 25% increase in India's capital expenditure in the upcoming Budget to drive ...
ITC shares may remain range-bound till final Budget after election"While ITC trades at reasonable valuations (26x FY25e EPS), we expect the stock to remain range-bound, given near-term volume moderation (c...
ITC shares rally over 6% to hit fresh 52-week high. Was the Budget really so good?For ITC, cigarettes constitute more than 80% of the company’s net profit and about 45% of its topline. Therefore, tinkering in taxes has an...
Budget key event for ITC; NCCD hike of less than 5% positive for stock: JefferiesThe upsides for the stock include volume growth in cigarette business as ITC regains share from illicit trade and the margin expansion in n...
After 2 years of goldilocks period, will FY24 Budget be a boon or bane for ITC?If the quantum of hike in tax is around this level, then Jefferies believes ITC can absorb it by passing on to consumers and not seeing any...
Budget: No news turns out to be good news for ITC, Godfrey PhillipsAxis Securities expected raising of either excise duty or NCCD (national calamity contingent duty) on cigarettes and tobacco products, whic...
Budget 2022: ITC, other stocks to watch as D-St fears hike in excise duty on tobaccoShares of ITC are down 16 per cent from October 2021 highs, Godfrey Phillips India is down 17.5 per cent while VST Industries is down 16 pe...
ITC soars as Budget keeps cigarette taxes untouchedHeading into the Budget, some market participants had expected the government to raise taxes on cigarettes in order to boost its revenues b...
Shorts pile up on ITC counter; but a neutral Budget can send it soaringThis time around, there are heightened concerns after the government proposed a new cigarette policy that could severely dent the prospects...
Hopes of leniency on Sin tax in budget send ITC stock higherAnalysts believe that tax increases this year may not be as steep as they previously were.
Cigarette price hike lifts ITC in analysts' buy chartsThe ITC stock closed 2016 with a 10% gain against the marginal increase of 2.3% in the ET FMCG index and a similar rise in Sensex.
ITC to gain from Union Budget 2013 run-upAn analysis of ITC ahead of a budget and on the budget day shows that the run-up to the budget provides a good opportunity to invest in the...