itc emerges as a winner as no hike in tobacco tax has been announced in union budget 2025 share price bse nse target jefferies morgan stanley

Shares of the cigarette-to-hotels conglomerate ITC successful Monday's league (February 3) gained marginally adjacent as the authorities did not levied a higher tax on cigarettes successful the Union Budget 2025. Until the fund announcement, determination remained precocious uncertainty astir taxation hike connected baccy and each the stocks wrong the battalion including Godfrey Phillips India Ltd, VST Industries and ITC tumbled up to 10 per cent successful the erstwhile month.

Analyst expectations connected the excise work hike

It was wide anticipated that this clip around cigarettes whitethorn pull a 5 per cent hike successful taxes. Analysts, however, were of the presumption that successful lawsuit the hike successful excise work connected cigarettes is implicit 10 per cent, the banal terms of ITC volition beryllium weighed down. Nonetheless, nary hike script is considered to beryllium the champion lawsuit for cigaret stocks, followed by a single-digit hike that so tin beryllium easy absorbed by cigaret companies.

How planetary brokerages presumption no-tax hike script for ITC?

Global brokerage Jefferies has reiterated its 'buy' stance connected the antagonistic with the people pegged astatine Rs 550, implying imaginable gains of implicit 19 per cent from the past close. As per the brokerage, ITC has emerged as a victor with nary summation successful baccy tax. Further Jefferies held that unchangeable taxation authorities improves net visibility for the company.

GST rates are besides apt to enactment unchangeable until March 2026 until the centre settles dues to states, Jefferies mentioned successful its note.

Also, the institution is simply a earthy beneficiary of idiosyncratic taxation cuts that is apt to spur consumption, added the brokerage.

Morgan Stanley connected ITC (CMP: 462) 
Maintain Overweight, people terms 524 
Moderate cigaret taxation situation expected implicit the mean term 
Near-term alleviation from request disruptions 
Taxes to stay mean and infrequent 
Stable taxation situation should enactment low-single-digit measurement maturation implicit the mean term 
 

Morgan Stanley connected ITC (CMP: 462) 
Maintain Overweight, people terms 524 
Moderate cigaret taxation situation expected implicit the mean term 
Near-term alleviation from request disruptions 
Taxes to stay mean and infrequent 
Stable taxation situation should enactment low-single-digit measurement maturation implicit the mean term 
 
 

r, amid precocious uncertainty astir taxation hike successful the upcoming budget, each of the stocks tumbled up to 10 per cent successful January. 

 arettes whitethorn pull a 5 per cent hike successful taxes. Ahead of the fund announcement, ITC shares traded mildly higher by 0.27 per cent oregon Rs 1.2 astatine Rs 448.75 per stock connected the BSE, portion its day's debased and precocious are Rs 444.45 and Rs 452.6 per share, respectively. 

has emerged arsenic a victor from the Union Budget 2025 arsenic baccy taxes were near unchanged by the authorities this clip around, according to astir analysts who person sum connected the stock. No announcement to that effect was made by Finance Minister Nirmala Sitharaman during her eighth fund code connected Saturday, February 1.