35% dip in one year! ITC shares rise on better Q2 results buzz; experts give buy tag? Target price, stop-loss
AI Summary
ITC's recent price correction presents a potential buying opportunity for retail investors, especially as analysts anticipate improved Q2 results driven by better margins from falling tobacco prices. This optimism could signal a reversal in the stock's downward trend, making it a noteworthy consideration in the consumer staples sector, particularly for those looking for value in beaten-down stocks. Investors should remain vigilant about market conditions and company performance as they weigh their options.
Stocks to buy today: ITC shares are among the beaten-down stocks in the Indian stock market today. In YTD terms, the ITC share price has fallen by over 25%, whereas over the last year, it has corrected by around 35%. However, the market experts are bullish on this beaten-down stock after seeing up to 3% jump in the ITC share price today. They believe the tobacco company is expected to deliver better Q2 results due to improved margins following the fall in tobacco prices. They said that the ITC share price may go up to ₹274 per share ahead of the announcement of the Q2 results 2026.
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Original Article
Published on Livemint
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This is a market news update from Livemint, published on 05 October 2026.
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