ITC shares plunge to 3-year low after tax bombshell: Is this a falling knife or hidden value?
- Posted on January 2, 2026
- By Business News Today
- 2 Views
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.
