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ITC shares fall 2% after Q4 results. What Goldman Sachs, Morgan Stanley and others are saying?ITC shares slipped on Friday despite a 5% rise in Q4 standalone profit and strong FMCG growth. Brokerages remained cautious, with Goldman S...- On their toes: Brands step up anti-counterfeit drive as fake products flood marketsCompanies are fighting a rising tide of fake goods. Brands from toothpaste to cigarettes are changing packaging and tightening checks. Coun...
- Why stock market rose today? Sensex rises over 600 points, Nifty ends above 24,150. 3 key factors behind the rallyIndian stock markets surged on Wednesday, with Sensex and Nifty 50 gaining significantly. This optimism was fueled by reports of Iran submi...
- ITC, Godfrey Phillips shares rally up to 7% on reports of 17% hike in cigarettes priceITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much...
- From Hormuz to headquarters: Iran war ripples through corporate balance sheets, blurs forecastsBusinesses face rising costs and supply chain disruptions due to the U.S.-Israeli war with Iran. Companies report higher transport and raw ...
- Global Markets | European shares climb to one-month high as Middle East peace hopes emergeEuropean shares rallied to their highest intraday level in over a month on Tuesday, as investors welcomed signs of possible Middle East pea...
- Two Trades for Today: A top cigarette maker for a gain of 9.5%, a mid-cap capital goods stock for a rise of almost 6.5%Our technical analysts identify select stocks that may gain momentum even in volatile markets. Here are the technical calls for today.
- Cigarette makers shifted to biodegradable overwrap on packets, well ahead of plastic banThe ban on single-use plastics, which was announced last year, has come into effect from Friday.
- ITC considering to pick stake in Coffee DayDeliberations are at preliminary stage and may not lead to a formal offer.
- Cigarette makers fear duty hike in budgetTop players in the tobacco industry have gone into a huddle before the budget, fearing a further hike in excise duties on cigarettes and ot...
- GST effect: Investors dump cigarette makersGodfrey Phillips slipped 4.47 per cent (down 5.56 per cent), followed by VST Industries and Golden Tobacco, which declined 3.18 per cent an...
- Tobacco stocks surge up to 20% on reports of cigarette price hikeGodfrey Phillips surged 13.08 per cent to Rs 800 after ET Now reported that the company would raise cigarette prices by an average of Rs 12...
- ITC, VST Industries rolling out premium variants, smaller-sized cigarettes to protect marginsSince consumers in the entry segment have cut back on cigarette smoking, companies are hopeful these strategies will help them protect marg...
- Godfrey Phillips Q3 net plunges 84.95% to Rs 10.64 croreThe company had posted a net profit of Rs 70.74 crore in the same period of the previous fiscal, Godfrey Phillips India said in a filing to...
- Budget 2014: Cigarette makers urge government to not increase excise dutyWorried by falling stock prices cigarette makers are lobbying hard to prevent the government from hiking excise duty for the third straight...
- Cigarette makers launch smaller price packs to revive marketAnalysts say it's a healthy strategy to focus on smaller sized packs as gross margins are almost the same for both small and big cigarettes.
- CLSA expects over 10% upside in ITC; reiterates as top pickCLSA has maintained 'outperform' rating on ITC and reiterated it as top pick. It has set price target of Rs 330.
- Cabinet to take a call on cigarette makers' plea on health warningsProduction halt by companies citing lack of clarity on picture to be used on packaging to hit government revenues, lakhs of workers.
- ITC shuts cigarette units; scrip down 3.5%ITC, India's top cigarette maker, has stopped production in all its units because of lack of clarity about pictorial warnings to be carried...
- Benson & Hedges could soon get a Japanese parentGallaher Group, the fifth-largest publicly traded cigarette maker, received a takeover approach that may lead to the biggest ever European ...
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