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Budget 2025: On this one share on the budget day, the most eyes will be on this one share – Budget 2025 ITC Ltd Share will be the most important stock to watch on Budget day februry 1 here is why

ITC Share Price: Finance Minister Nirmala Sitharaman will present the General Budget 2025 in Parliament on 1 February tomorrow. During this time, one of the stocks of investors in the stock market will have the most eye on ITC Ltd (ITC LTD). The company is present in the business to hotel business. This time the budget is expected to increase excise duty on cigarettes. These expectations are also high because in the last three years, the government has not increased any excise duty on cigarettes. ITC Limited is the largest cigarette company in the country.

Market analysts believe that the excise duty of cigarettes is expected to increase by 10 per cent. If this increase, then this news proves negative for share.

Currently, the excise duty rate on cigarettes with a length of 65 mm is Rs 5 per 1,000 stock. The same rate applies to filter cigarettes between 70 mm to 75 mm. Apart from this, cigarettes are also applied to a National Calamity Contemporary Duty (NCCD), which is applicable from 2023 and ranges from ₹ 230 to ₹ 850 per 1,000 sticks.

However, it is also an interesting fact that since 2017 i.e. on the last 8 budget day, ITC Limited has seen a boom. Since 2017, ITC shares have seen an intraday jump ranging from 2% to 10% on the budget day.

During the budget in 2024 last year, ITC shares jumped up to 1.4%, which is the lowest jump on the budget day in the last 8 years. The best budget for ITC shares was 2020, when it jumped in Intrade by 2020. You can see it in detail in the chart below-

Budget ITC shares boom
2024 1.4%
2023 9%
2022 4.5%
2021 8%
2020 10%
2019 2%
2018 8%
2017 5%

ITC shares have recently been in the discussion since partition of their hotel business. Business has also started in the shares of ITC Hotels Limited. Out of 40 analysts covering ITC shares, 34 have given a “BUY” rating on this stock. Four of them have rated “hold” and two on the stock.

Also read- Budget Stocks: Investors will keep an eye on these 25 shares on the budget day

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