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Here's how ITC shares have performed over the past five years:Ĭatch latest stock market updates here. ITC shares have risen 18 per cent so far in 2023, a period in which the Nifty50 headline index has declined three per cent.Īs of Tuesday, the ITC stock has rewarded investors with a return of 47 per cent in one year, sharply outperforming the 50-scrip market benchmark, which has remained flat. Read more on what Budget 2023 announcements mean for ITC ITC share price: Historical performance Analysts said the move would only impact a part of ITC's portfolio. In the Union Budget 2023-24, the government hiked the national calamity contingent duty (NCCD) on cigarettes - or taxes on cigarettes - by 16 per cent, marking the first increase since the Budget 2020.

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