ITC stock faces GST 2.0 crossroads with resistance at ₹427
ITC ended 1% higher at ₹415.75 as GST 2.0 reforms lowered FMCG taxes to 5% while retaining a 40% slab plus cess on tobacco. Analysts note ITC benefits from food products but faces cigarette headwinds. Technical charts indicate strong resistance at ₹427, with traders advised to buy above this level or sell if it falls below ₹402.