es ITC shares have corrected sharply in January, with brokerages weighing steady December-quarter execution against the looming impact of higher cigarette taxes effective February 1, 2026. ITC shares are set to be in focus on Friday after the cigarettes-to-hotels conglomerate posted its December-quarter numbers, with brokerages saying the business delivered largely as expected, but sharply higher cigarette taxes from February 1 have capped optimism, keeping most brokerages on the sidelines even after the stock’s steep January correction.