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.
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.
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.
ITC share price today: The brokerage said that while it had expected a sharp increase in cigarette taxes, the magnitude was higher than anticipated. Nuvama cut its Ebitda estimates by 7 per cent each for FY27 and FY28.
YES Bank, with 61.65 lakh retail investors, barely managed to meet Nifty returns at 9 per cent. Vodafone Idea cheered over 60 lakh retail investors with a solid 52 per cent surge. Suzlon Energy disappointed.
ITC share price: A year ago, the stock managed to rise 4.86% annually. In 2023, ITC stock rose 39%.
ITC share price: The FMCG stock has seen selling pressure falling 9% in a year and 5% over two years.
An analyst from Anand Rathi said that Bharat Electronics is currently taking support at the 10–20 DEMA zone, indicating steady buying interest at lower levels.
Heavyweights led the selling pressure list, with the brokerage highlighting Reliance Industries (RIL), HPCL, GAIL, BPCL, and ONGC as the top sells.





