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…
Photo : ET NOW SWADESH Digital Shares of ITC, VST Industries and Godfrey Phillips India boom (AI IMAGE) highlights Cigarette prices are going to increase in the country. The reason for this is that the Central Government has decided to impose excise duty on cigarettes. The new duty will range from Rs 2,050 to Rs…
Shares of cigarette companies ITC and Godfrey Phillips slumped up to 6% in Thursday’s trade (January 1), after the government imposed excise duty on cigarettes effective next month onwards. The excise duty will be imposed in the range of Rs 2,050-8,500 per thousand sticks based on the length of the products, a Finance Ministry order…
