itc cigarette price hike FlipItMoney | shares came under focus after the government increased excise duty on cigarettes, leading to hikes across segments. The move is Cigarette stocks jump 20% π
Cigarette stocks jump 20% Is this a short rally or bigger shift ahead? , Shares of ITC Ltd, Godfrey Phillips India Ltd, and VST Industries Ltd rose sharply after reports said cigarette makers Price Hikes Are Very Sharp; Will Be Passed On In A Staggered Manner: Sanjiv Puri, ITC CNBC TV18 ITC's shares dipped sharply after analysts flagged that the new excise duty on cigarettes could squeeze margins unless the company hikes retail prices by around 15% or more. Cigarette businesses are sensitive ITC Plans 8 10% Price Hikes on Select Cigarette Packs Whalesbook #MarketToday #Nomura in its latest note said #ITC Ltd had begun implementing #cigarette price hikes, but the increases were lower than the brokerage's expectations for most brands. As a result MarketToday ITC shares: Can 35% hike in cigarette prices help the stock recover? Here's the Math http: ow.ly LJBy106znIy
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