ITC Faces Brokerage Downgrades After Sharp Cigarette Excise Duty Hike
ITC shares came under pressure after a sharp hike in cigarette excise duty led brokerages to downgrade the stock, citing volume risks and earnings pressure.
Stock Market News
Adani Power Shares Rally 7% as Brokerages Signal Multi-Year Earnings Upcycle
Adani Power shares rallied over 7% after leading brokerages issued positive outlooks, citing a multi-year earnings upcycle driven by capacity expansion, long-term PPAs, and strong electricity demand trends in India.