ITC shares vs HUL shares: ITC shares hit an all-time high of Rs 405.5 in early trade today against the previous close of Rs 400.30 on BSE. HUL shares have gained after three days of fall. At 12:17 pm, the stock was trading 0.16% higher at Rs 2497.
Shares of FMCG major ITC will remain unaffected from the amendment to the GST Compensation Cess Schedule passed by the Lok Sabha late last week, said JM Financial in its report. The schedule has been seen as a prelude to a possible government action on cigarette taxation, which has been fairly steady and reasonable over the last few years.
ITC commanded a market value of Rs 2,68,633.5 crore, as of December 31, 2021. Retail investors and HNIs together held 13.65 per cent stake in the company then.