ITC, Godfrey Phillips shares extend rally, surge up to 11%: What’s behind the jump? explained
Shares of cigarette manufacturers ITC, Godfrey Phillips India and VST Industries surged up to 11% on Wednesday, February 18, extending their winning run amid reports of price hikes. Several media reports stated that these companies have raised prices to offset the impact of the excise duty increase. The price hikes are expected to limit the…