What cigarette tax hike means for 37 lakh ITC shareholders? Jefferies explainsJefferies warned that the sharp hike in cigarette excise duty is clearly negative for ITC in the near term, likely hurting volumes and earn...
01 Jan, 2026, 02.03 PM IST
Hot Stocks: Brokerage view on ITC, Sun Pharma, Adani Ports, Zomato and DaburJefferies has maintained a buy rating on ITC with a target price of Rs 585. The 3% growth in cigarette business volume met expectations, an...
02 Aug, 2024, 09.38 AM IST
Jefferies downgrades ITC, cuts target price by Rs 90. It's not just about BATBAT's potential stake sale in ITC could result in a supply overhang of about $2.5 billion. BAT is facing challenges from declining cigarett...
09 Feb, 2024, 12.51 PM IST
Hot Stocks: Brokerage view on Page Industries, Zomato, Lupin and ITCMacquarie maintained an underperform rating on Zomato with a target price of Rs 76. The company has seen steady margin improvements and str...
09 Feb, 2024, 09.53 AM IST
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...
31 Jan, 2024, 12.34 PM IST
Hot Stocks: Brokerage view on L&T, Voltas, RIL and ITCCitigroup maintained a buy rating on L&T with a target price of Rs 4082. "The company reported healthy order inflows and execution. The Dec...
31 Jan, 2024, 09.58 AM IST
ITC shares extend slide, drop 3% on plan to keep hotel business stake post spinoffITC said on Monday it would spin off the hotel business, separating it from its cigarettes and food units, but retain a 40% stake in the ne...
25 Jul, 2023, 10.06 AM IST
Not a concern anymore! Jefferies raises ITC target price on hotels business valuation shiftITC is considering a new structure for its hospitality business due to concerns over high capital expenditure and weak returns. The hotel b...
28 Jun, 2023, 04.22 PM IST
ITC's dream run on D-Street to continueITC shares fell as much as 2% in early trade before recovering all its losses to end marginally in the green. The stock closed at ₹420.10 a...
20 May, 2023, 10.25 AM IST
Hot Stocks: Global brokerages on ITC, SBI, and InterGlobe Aviation post Q3 resultsMorgan Stanley maintained an overweight rating on ITC with a target price of Rs 415 post Q3 results.Q3 earnings were ahead of Morgan Stanle...
06 Feb, 2023, 10.35 AM IST
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...
30 Jan, 2023, 02.10 PM IST
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...
18 Jan, 2023, 09.37 AM IST
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...
22 Mar, 2022, 06.37 AM IST
ITC gains could go up in smoke if tobacco taxes rise in BudgetITC shares had seen a technical breakout in September after moving in a range of ₹200-220 for several months. From a low of ₹199.1 hit in e...
22 Oct, 2021, 06.21 AM IST
Tobacco tax concern may weigh on ITC shares till BudgetAnalysts at Jefferies said that while there is no visibility on the outcome, the news flow has raised uncertainty till the Budget, keeping ...
20 Oct, 2021, 02.31 PM IST
ITC is best in class on ESG, says JefferiesThe brokerage has a buy rating on ITC with a target price of Rs 265.
10 Dec, 2020, 06.45 AM IST
Falling input costs a plus for FMCG stocks: JefferiesJefferies found risk-reward less compelling for HUL, Britannia and Godrej Consumer.
29 Dec, 2018, 08.29 AM IST