ITC, Godfrey Phillips climb up to 2% on cigarette price hikes; technicals flag Rs 330-335 target
Both tobacco majors lifted prices across several cigarette segments, sending shares up as much as 2%. A technical analyst recommends buying ITC at CMP of Rs 305-310, with a stop loss at Rs 300 and a near-term target of Rs 330-335, framing the hike as margin-supportive.
ITC and Godfrey Phillips shares rose up to 2% after both announced cigarette price hikes across several segments. Technical analyst suggests buying ITC at CMP with target of Rs 330-335, stop loss Rs 300.