ITC near ₹390 support; analysts see buy-on-dips at ₹360-365
ITC shares closed at ₹406, extending their correction since peaking in September 2024, pressured by GST 2.0 sin tax fears. Analysts Deepak Pal and Pradeep Carpenter flagged weak charts, with support at ₹390 and ₹360–₹365 seen as attractive accumulation zones. Despite near-term pressure, ITC remains debt-free with 28–29% ROE, 36–37% ROCE, and a 3.5% yield. Retail sentiment on Stocktwits is bearish.