ITC stock at 3-year low: 3 reasons the cigarette giant is under pressure
ITC Limited shares have underperformed both cigarette peers and the broader FMCG pack, as the excise duty hike intensifies concerns over a potential shift toward illicit trade. Long-term investors should closely monitor FY27 earnings, when the full impact of the tax changes is likely to become evident.
ITC Limited shares have underperformed both cigarette peers and the broader FMCG pack, as the excise duty hike intensifies concerns over a potential shift toward illicit trade. Long-term investors should closely monitor FY27 earnings, when the full impact of the tax changes is likely to become evident.
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