Nomura estimated that ITC Hotels would generate annual cash flows of Rs 800-Rs 1,000 crore over FY25 to FY28, allowing it to focus on inorganic growth opportunities.
MFs bought an additional 1.2 crore shares of IndiGo worth Rs 5,800 crore, Nuvama calculated. MFs held 8 crore IndiGo shares at the end of December against 6.8 crore shares at the end of November.
Speaking at the India–Germany CEOs Forum, ITC Chairman and Managing Director Sanjiv Puri highlighted India’s potential to emerge as a global hub for services and exports by leveraging the combined strengths of India and Germany. He said the partnership offers vast opportunities for collaboration across key sectors, including green energy, semiconductors, food security and climate change. Puri noted that deeper cooperation between businesses from both countries can drive innovation, strengthen supply chains and create sustainable growth, positioning India as a critical base for global manufacturing, services and exports in the years ahead.
In the run-up to the important economic event, the Indian stock market is ready for a volatile ride on the back of persistent FIIs flows, Trump tariff concerns and geopolitical uncertainty.
LIC's holding value in ITC fell to Rs 69,578.06 crore from Rs 80,079.84 crore on Wednesday, a fall of Rs 10,501 crore in two days.
The farmers' body said the new excise rates — ranging from Rs 2,050 to Rs 8,500 per 1,000 sticks depending on cigarette length, effective February 1 — undermine the government’s stated commitment to a revenue-neutral transition from the Compensation Cess regime.
New year 2026 did not kick off on a good note for cigarette makers including ITC and Godfrey Phillips, which took a heavy beating in the first two sessions, thanks to the new excise policy on them.
ITC shares slipped 5.11 per cent to a fresh one-year low of Rs 345.35, while Godfrey Phillips India fell 4.58 per cent to a day's low of Rs 2,184.60.
Excide duty hike: PL Capital said the excise duty will increase the ITC's product prices by 23-50 per cent and hit volumes by 12.5 per cent in FY27.
The ITC stock eventually settled at Rs 363.95, down 9.69 per cent. The company’s market capitalisation declined Rs 48,925.59 crore to Rs 4,55,991.49 crore.
Sin stocks including ITC and Godfrey Phillips India tanked on Thursday after the central government announced to impose an excise duty on cigarettes from February 1 onwards.
India’s Biggest Change Is Youth Self-Confidence, Says Union Minister Piyush Goyal




