ITC, Godfrey Phillips shares extend rally, surge up to 11%: What’s behind the jump? explained

Buzz line3 hours ago03 mins

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…

ITC and other tobacco stocks crash up to 8% as cigarette prices rise on excise duty hike

Buzz line2 weeks ago04 mins

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…

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