ITC shares crash 10% to near three-year low on higher tobacco tax: Should investors consider buying the dip?
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…

