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ITC wipes off ₹72,000 crore from investor wealth in just 2 days
short by Ashley Paul / on Friday, 2 January, 2026
FMCG giant ITC's shares have tumbled over 14% in just two days, wiping off ₹72,000 crore from investor wealth, as the government imposed additional tax on cigarettes and pan masala. The company's shares, which hit their lowest level (₹345.35) since 2024 on Friday, have dipped nearly 26% from their 52-week high. The stock even dragged BSE FMCG index down 1.26%.
read more at Moneycontrol