ITC has been consistently donating to the ruling political party in the past many years, and the amount of donations has been on the rise.
https://myneta.info/party/index.php?action=all_donors&id=3
In view of this, there is a probability that, the rise in taxes (if any) during next 1-2 years could be on lower side.
This is on optimistic note.
But the risk still remains. With cigarettes now contributing to less than 40% sales for ITC, the impact may not be as severe as in 2014, 2015 when stock corrected sharply.
| Subscribe To Our Free Newsletter |
