On ITC, a market expert said the stock could extend its upward move towards Rs 340 level. He advised investors to maintain a stop loss at Rs 300 to manage downside risks.
At 12:01 pm, the BSE Sensex was up 140.35 points, or 0.17%, to 83,454.28. The NSE Nifty gained 6.05 points, or 0.02%, to 25,648.85.
ITC share price: ITC stock ended 3.91% lower at Rs 309.60 on February 1, the day when excise duty hike came into effect.
Union Budget: Industry leaders contend that a more neutral and comprehensive tax framework could significantly lift insurance adoption by encouraging households to prioritise protection alongside savings. Extending tax incentives to the new regime, they argue, would remove distortions between annuity, pension and other long-term financial products, allowing consumers to make choices based on need rather than tax arbitrage.
Procter & Gamble Hygiene and Health Care announced (interim + Special) a total of Rs 195 per share with face value of Rs 10 each.
Stocks including ITC, Vedanta, Tata Motors, Paytm, Hindustan Aeronautics, Swiggy, REC, Colgate Palmolive, HindPetro, Hudco, NPTC and more will be in the spotlight on Friday, January 30.
ITC share price: The excise duty hike on cigarettes from February 1 remained a key overhang, as it could boost illicit trade and hurt legal cigarette volumes and revenue.
The FMCG-Others segment recorded double-digit growth with revenue up 12.6% and segment PBIT surging 42% year-on-year. Staples, dairy, noodles, biscuits, personal care, and homecare categories led the charge.
The Survey’s preface highlights that the government carried out “the most radical overhaul of the Goods and Services Tax since its inception in 2017” during 2025, placing GST reforms alongside major policy actions such as labour code notification and sectoral liberalisation
ITC Q3 results today: Nuvama sees net profit falling 6.4 per cent YoY to Rs 5,075.20 crore, citing higher other income in the base quarter. It sees revenue for the FMCG major rising 5.9 per cent YoY to Rs 18,063 crore.
ITC share price: ITC shares are trading near their 52-week low of Rs 318 reached on January 27, 2026.
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