ITC Stocks on Budget: ITC leads Sensex stocks on Budget days with nine positive returns (avg. 1.47%). IndusInd Bank follows at 80%. Worst ITC day was in 2020 due to excise duty hike. Analysts foresee no further hikes; Prabhudas Lilladher raised ITC weight citing stable taxes and business growth. Motilal Oswal projects cigarette volume and EBIT growth.
Long-term investors should focus on structural trends over short-term volatility: Ravi Dharamshi
So, from the peak to correct around 15% kinds is I would say, but beyond that I would say then they start looking attractive again
October 30, 2024