Author views ITC's post-budget panic as a potential opportunity because cigarette tax impact may be limited and FMCG/hotels business is improving.
ITC.NS — LONG The author views ITC's 9% drop and 52-week low as a potential panic-driven opportunity rather than a structural deterioration. Even if cigarette taxes rise in the Feb 1 budget, the price increase on smaller packs may be only a few rupees and unlikely to reduce consumption overnight. Improving FMCG, hotels, agri, and distribution could deliver better numbers in coming quarters. Main stated risks are that the stock can fall further after the budget and negative sentiment may persist.
If FMCG momentum continues, we could see better numbers in the coming quarters, even if cigarettes face some pressure.
This Reddit post, published January 01, 2026, features u/Sea_Cockroach871 discussing ITC.NS. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/Sea_Cockroach871 · Tickers: ITC.NS