Cigarette stocks surged on Dalal Street as manufacturers raised prices to offset increased excise duties. ITC, Godfrey Phillips India, and VST Industries saw significant gains following reports of price hikes aimed at protecting margins. This move comes after the government’s notification on a new tobacco taxation framework. Cigarette stocks surged on Dalal Street as manufacturers raised prices to offset increased excise duties. ITC, Godfrey Phillips India, and VST Industries saw significant gains following reports of price hikes aimed at protecting margins. This move comes after the government’s notification on a new tobacco taxation framework.
Trending
- More embarrassment for Galgotias University? After robodog, ‘in-house’ soccer drone from Korea called out
- ‘Far too much younger’: Congress leader Mani Shankar Aiyar explains why he is not a ‘Rahulian’
- Mahayuti govt cancels 5% Muslim quota: What was it, why it was scrapped and why opposition is angry
- Emirates CFO Michael Doersam announces retirement, who’s next in line?
- Google AI CEO on why Sam Altman’s ‘ultimate goal’ for OpenAI cannot be realised
- Lake Tahoe avalanche: Skiers ignored warnings? 10 missing after Castle Peak slide amidst severe winter storm in US
- “Witches put a spell on him”: Candace Owens sparks backlash after claiming witches cursed Charlie Kirk before his death
- Recent data shows that Canada’s tightening of international student inflows has resulted in a sharp decline
Cigarette stocks light up! ITC, Godfrey Phillips surge up to 12% on price hike reports
By
Add A Comment