📌 ITC Shares Crash 10% After Tobacco Tax Hike — Opportunity or Trap?

ITC shares plunged nearly 10% to a three-year low after the government raised cigarette excise duties by up to ₹8,500 per 1,000 sticks. While analysts caution about near-term volume pressure, many maintain that ITC’s long-term fundamentals, diversified business model, and strong cash flows remain intact. Some brokerages recommend a ‘Hold’, while others believe the sharp correction could present a value-buying opportunity once pricing visibility improves. #ITC #DividendStocks #ValueStocks #IndianStocks #MarketCorrection #LongTermInvesting #StockMarketNews #StockYard