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….
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…
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…
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…
