Cigarette stocks, which went up in smoke at the start of the new calendar year following a steep excise duty hike, have since rebounded. This turnaround has been sparked by reports that companies like ITC are looking to increase the cigarette prices in the range of 20-40% to mitigate the impact of such tax hikes….
Godfrey Phillips, VST Industries, and ITC shares extended their losing run to the second straight session on Monday, February 02, falling 8%, 2.7%, and 2.4% respectively, following a minimum. ₹22–25 Hike in cigarette prices per pack of 10 sticks on the implementation of additional excise duty from Sunday. Earlier in January, the government imposed an…
Tobacco stocks crash: After the new tax rules, there was a sharp fall in the shares of cigarette companies on Monday. In fact, after the government implemented the new tax structure from February 1, 2026, the prices of cigarettes suddenly increased, due to which there has been increased concern among investors. The increase in excise…
New year cheer seems to be missing for ITC shares that have plunged almost 10% on Thursday, January 01, to their lowest level in nearly three years after the government announced excise duty on tobacco products effective February 1. According to a Finance Ministry notification last evening, cigarettes will be charged an excise duty ranging…
