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Your Cigarette Pack Is About To Get Even Pricier; ITC Yet To Pass On Full Tax Burden, Says Brokerage
Motilal Oswal warns that ITC has not passed on the full tax burdge just yet.
Ruchit Jain of Motilal Oswal suggests Premier Energies, Varun Beverages shares to buy for the short term - Mint
Ruchit Jain of Motilal Oswal suggests Premier Energies, Varun Beverages shares to buy for the short termMint
ITC shares fall 3% to fresh 52-week low; Motilal Oswal sees more pain ahead
ITC shares fell to a fresh 52-week low on Wednesday as investors reacted to steep tax hikes on cigarettes under the new GST 2.0 regime. Brokerage Motilal Oswal Financial Services remained cautious on the stock, noting that the revised tax framework, effective February 1, 2026, has increased cigarette taxes by around 60-65% for ITC.
Nifty FMCG index sheds 2%; Dabur slips 4%; ITC, Britannia hit 52-week lows
In the past one month, the FMCG index has underperformed the market, by falling 5 per cent, as against 2.3 per cent decline in Nifty 50.
Mcap of 7 top valued firms erodes by ₹1.54 trn, Reliance takes biggest hit
The combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit. In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent. From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever faced erosion in their valuations, while State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) were the gainers. The market valuation of Reliance Industries dropped by Rs 46,078.3 crore to Rs 17,87,039.40 crore. HDFC Bank's valuation eroded by Rs 33,333.06 crore to Rs 11,46,641.84 crore. The valuation of Bharti Airtel tumbled Rs 25,408.96 crore to Rs 11,14,886.53 crore and that of TCS dived Rs 22,920.58 crore to Rs 8,15,480.75 crore. The market capitalisation (mcap) of Hindustan Unilever ...
Stock markets decline for 2nd day on selling in oil, gas, banking shares
Stock markets closed lower for the second consecutive day on Wednesday as investors remained cautious amid conflicting geopolitical signals from the West Asia and fresh foreign fund outflows. In a volatile trade, the 30-share BSE Sensex declined 141.90 points, or 0.19 per cent, to settle at 75,867.80, with 20 of its constituents ending higher and 10 with losses. During the day, it hit a high of 76,224.68 and a low of 75,748.21, gyrating 476.47 points. The 50-share NSE Nifty skidded 6.55 points, or 0.03 per cent, to end at 23,907.15. Sensex had dropped by 479.26 points and Nifty by 118 points on Tuesday. Financials, oil & gas, IT and private banking shares were the major drag while energy, metals, and auto shares advanced, capping the downside. Among 30 Sensex firms, HDFC Bank fell the most by 2.63 per cent. Infosys, ITC, Hindustan Unilever, Reliance Industries and ICICI Bank were also among the major laggards. Power Grid, Eternal, NTPC and Tata Steel were the major ...
Diamonds in the dust? Retail investors unleash Rs 17,500 crore on 8 battered bluechip stocks
Retail investors pumped an estimated Rs 17,539 crore into eight battered Nifty bluechip stocks during the March 2026 quarter, betting aggressively on market leaders despite steep declines in portfolio values. HDFC Bank, ITC, Wipro, Infosys, TCS, Reliance Industries and L&T emerged as top retail picks even as their shares fell sharply.
Top Gainers & losers on May 22: JSW Cement, Honasa Consumer, Tata Comm, Sammaan Capital, Trent among top gainers
On May 22, markets showed mixed results with the Nifty 50 gaining 0.40% and Sensex rising 0.36%. While Nifty Private Bank and Nifty Metal saw gains, Nifty Media and Nifty Pharma lagged. The Indian rupee strengthened to 95.9 per dollar amid RBI interventions.
Q4 Results LIVE Updates: Max Health shares decline 7%, Honasa Consumer up 7%; Hindalco report today
Q4 Results Live Update: Another busy earnings week ends with three Nifty names - Sun Pharma, Eicher Motors and Hindalco reporting their results today, along with broader market names like Torrent Pharma, Fortis Healthcare, DAM Capital, Colgate-Palmolive, IRCON International, Jubilant Pharmova, Minda Corp, and many others. LG, LIC, GAIL, ITC, will also be reacting to their results reported on Thursday.
Sensex Today | Stock Market Live Updates: GIFT Nifty remains flat; ITC in focus after results
Stock Market Live Updates: The last five days have seen the Nifty gain 11 points, having tested both the lower end and the upper end of the 23,300 - 23,800 range it finds itself locked in. Neither are the gap downs translating into any decisive downward move, nor are gap ups like the one seen on Thursday, sustaining. Watch this space for all the LIVE market updates on the final trading day of the week.
Triveni Turbine Gets Target Price Hike from Motilal Oswal After Q4 Results — Check Potential Upside, Key Triggers
Triveni Turbine reported in-line revenue for Q4, while Ebitda and PAT came in below Motilal Oswal's estimates.
Cement cos diverge on expansion plans amid West Asia uncertainty
Indian cement companies are taking different paths on spending. Some, like Ultratech Cement, Dalmia Bharat, and Nuvoco Vistas, are increasing investments for expansion. Others, including Ambuja Cement and Shree Cement, are slowing down their capital expenditure. This divergence reflects varied growth strategies in the Indian market. The focus remains on India's long-term development drivers.