{"id":294889,"date":"2026-10-08T13:16:21","date_gmt":"2026-10-08T07:46:21","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=294889"},"modified":"2026-10-08T13:16:21","modified_gmt":"2026-10-08T07:46:21","slug":"itc-share-price-dips-4-percent-will-it-bounce-back-experts-view-target-price-stop-loss","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/itc-share-price-dips-4-percent-will-it-bounce-back-experts-view-target-price-stop-loss\/","title":{"rendered":"ITC Share Price Dips 4% to Rs 254.70, Near Its 52-Week Low: Will It Bounce Back? Why It Fell, Q1 FY27 and Cigarette Tax Context, Brokerage Targets, Support and Stop-Loss Levels and the Risks"},"content":{"rendered":"

ITC low Rs 254.70 (-4.1%) vs Rs 265.70 close on 8 Oct; 52-wk low Rs 254.65. P\/E about 16-17, yield about 5.4%. Targets Rs 300-408. Support Rs 254; resistance Rs 270.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

ITC share price dipped about 4% on 8 October, opening at Rs 264 and touching an intraday low of Rs 254.70 against the previous close of Rs 265.70, which is almost exactly its 52-week low of Rs 254.65, and it was a leading Sensex laggard as the market fell about 1%. No company announcement explained the drop, so it looks like heavyweight selling in a weak market and in a stock already hurt by the February 2026 cigarette excise hike, with Q1 FY27 consolidated profit down about 16% and cigarette segment profit down 35%. Whether it bounces back depends on holding Rs 254.65, since a close above Rs 270 would open a move toward Rs 288 to Rs 290 in an earlier technical view, while brokerage targets cited in 2026 range from Rs 300 to Rs 408 and the stock trades near 16 to 17 times earnings with a dividend yield of about 5.4%. A stop-loss below the Rs 254.65 low is a common reference for traders, but this is an illustration and not advice, and the Q2 results later in October are the next test.<\/p>\n<\/p><\/div>\n

ITC share price has fallen about 40% from its 52-week high of Rs 426.40 after the government replaced the old cigarette tax structure with a much higher excise duty from 1 February 2026. The company is almost debt free and pays a large dividend, which is why the stock is watched as a value and income play.<\/p>\n

If you hold ITC or are weighing a buy on the dip, this article covers the ITC share price move from Rs 265.70 to Rs 254.70 and why it fell, the earnings and cigarette excise background, the ITC target price from brokerages, the ITC stop-loss, the Rs 254.65 support and Rs 270 and Rs 288 resistance levels, valuation and the 5.4% dividend yield, bounce and breakdown scenarios, the risks and what to watch.<\/p>\n

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