ITC share price

सिगरेट बेचने से लेकर होटल कारोबार तक करने वाली कंपनी ITC के शेयरों में आज तेजी देखने को ...

सिगरेट बेचने से लेकर होटल कारोबार तक करने वाली कंपनी आईटीसी (ITC Share Price) के शेयरों में आज तेजी देखने को मिली है। गुरुवार को कंपनी के शेयरों का भाव 6 प्रतिशत तक चढ़ गया था। जिसके बाद कंपनी के शेयर का भाव 384.50 रुपये के लेवल पर जा पहुंचा। यह आईटीसी का नया 52 वीक हाई है। बीएसई (BSE) में कंपनी के शेयर गुरुवार को दोपहर 1 बजे 5.13 प्रतिशत की तेजी के साथ 380 रुपये के लेवल पर कारोबार कर रहे थे। बता दें, सरकार ने बजट में सिगेरट पर लगने वाले टैक्सों में इजाफा करने का फैसला किया है। सिगरेट बेचने से लेकर होटल कारोबार तक करने वाली कंपनी ITC के शेयरों में आज तेजी देखने को मिली है। गुरुवार को कंपनी के शेयरों का भाव 6 प्रतिशत तक चढ़ गया था। कंपनी के शेयर आज 52 वीक हाई पर पहुंच गए। [हिंदी न्यूज़](/) [बिजनेस](/business/)ITC के शेयर 2 दिन में 17% तक उछले, 52 हफ्ते के उच्चतम स्तर पर पहुंचा भाव

The stock took a beating after the Budget hiked the National Calamity Contingent duty but the scrip recovered swiftly when it emerged that the hike was not ...

NCCD is about 10 percent of the overall tax. After taking a hit during COVID lockdown, cigarette volume growth has been in low double-digits for ITC over the past few quarters. The NCCD is a part of the total tax levied on cigarettes. Analysts at JM Financial believe the move can re-rate the stock further. The stock corrected 6 percent as Sitharaman said the NCCD duty on cigarettes was hiked by 16 percent. Earlier in the day, it had hit an all-time high of Rs 384.70 apiece.

Brokerages believe that the proposed tax hike on cigarette in the Union Budget 2023 is not very high and would be easily passed on through small price ...

We believe the management is likely to take blended price increase of 5 per cent in FY24, with most of these price hikes directed towards KSFT / RSFT segment, thereby keeping price point of DSFT constant. [ITC](/topic/itc) witnessed strong volume growth in Rs 10 and above price point cigarette category. The company said the board will also consider declaration of interim dividend for the financial year ending on March 31, 2023. "ITC needs to take a price increase of 2-4 per cent across segments to maintain absolute operating profits. The tax hike is not very high and would be easily passed on through a small increase in prices," ICICI Securities said. Since the overall tax increase is less than 2-2.5 per cent, analysts believe that it leaves enough room for manufacturers to take price increases over and above requirement, in order to mitigate tax increase.

ITC is one of the biggest cigarette makers in the country; over 40 percent of the total business for ITC comes from the cigarette segment.

The Budget announcement boosted the stock price of ITC and now it has hit the fresh all time high," said Mishra. Patel added that on a daily scale, ITC has formed a bearish crab pattern which is a matter of concern. This should evidently drive a further re-rating of the ITC stock, in our view," said JM Financial. The brokerage firm has an 'add' call on the stock and raised the target price to ₹400 from ₹380. These do not represent the views of MintGenie. ITC is one of the biggest cigarette makers in the country; over 40 percent of the total business for ITC comes from the cigarette segment.

Shares of ITC gained as much as 6.3% in early trade to hit a fresh record high of ₹384.4 even after the government raised duty on cigarettes by 16%.

ITC share price has risen 86% against its 52-week low of ₹207 touched on February 24, 2022, while it has gained 64% in a year. Among others, the hotel business’ revenue surged 82% YoY to ₹536 crore, while the agricultural business, the third major contributor to revenue, posted a growth of 44% to ₹3,997 crore. The cigarette-to-hotel conglomerate saw its revenue from operations jumping by 25% to ₹18,608 crore, from ₹14,844 crore in the same quarter last year. The stock opened a tad lower at ₹360.75 against the previous closing price of ₹361.45 but soon rebounded strongly on the back of strong volume trade. In the first two hours of trade so far, as many as 16 lakh shares changed hands over the counter on the BSE against the two-week average volume of 6.95 lakh stocks. Despite the rise in duty, shares of ITC, the country’s biggest cigarette maker, gained as much as 6.3% to ₹384.4 during the session so far.