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…
Now new tax will be imposed on products like tobacco and pan masala, which will be on top of the already existing GST. This new tax will replace the compensation cess which will expire from February 1. According to the government notification, 40% GST will be levied on pan masala, cigarettes, tobacco and similar products….
The Indian stock market kicked off 2026 on a modest note as liquidity remained low, with most major international markets closed for New Year’s Day. The Nifty 50 closed with a 0.06% gain, ending at 26,146, while the S&P BSE Sensex closed 0.04% lower at 85,1.88The broader markets closed mixed, with the Nifty Midcap 100…
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…
