#3 Year

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ITC shares plunge to 3-year low after tax bombshell: Is this a falling knife or hidden value?

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ITC shares plunge to 3-year low after tax bombshell: Is this a falling knife or hidden value?

Business

Economic Times•Jan 2

ITC shares plunge to 3-year low after tax bombshell: Is this a falling knife or hidden value?

ITC shares slid to a three-year low after a sharp two-day, 14% fall triggered by a steep cigarette tax hike, prompting multiple brokerage downgrades amid concerns that large price increases will be needed to offset the impact, risking volumes and earnings.