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DUTY HIKE ON CIGARETTES
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...- Tactical buying visible in IT, selective opportunities emerging in auto ancillaries: Neeraj DewanIndian stock markets are navigating a balance between optimism and caution. Inflationary pressures and global uncertainties are key concern...
- 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...
- GST at 40%: Cigarettes turn into India’s costliest status markerSmoking is now a sign of wealth in India. Higher taxes make cigarettes expensive. This makes lighting up a cigarette a display of disposabl...
- Cigarette industry bracing for 6-8 pc volume contraction post add'l excise duty levy: CrisilIndian cigarette companies face a tough year ahead. New taxes and higher GST rates are expected to shrink sales by 6-8 percent next fiscal....
- ITC, Godfrey Phillips shares slide up to 5% amid sharp excise duty hike on cigarettesCigarette makers ITC and Godfrey Phillips India saw their shares plummet up to 5% on Friday following a steep hike in excise duties announc...
- Budget 2025: Will ITC shares Budget day winning streak survive tax hike uncertainty?ITC shares have historically performed well on Budget days, but traders are cautious this year due to potential excise duty hikes on cigare...
- Duty hike on cigarette to have a nominal impact on prices, say expertsFollowing the announcement in the Budget 2023-24, excise duty on filter cigarettes of length more than 70 mm but not exceeding 75 mm will g...
- Budget 2023: ITC recovers sharply even as FM hikes NCCD on cigarettes by 16%The government hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%. NCCD accounts for about 10% of overall taxes on cig...
- Budget 2020: Smokers to pay more on cigarettes, excise duty hiked on tobaccoPrice of cigarettes will go up by 6-7% in case of lower priced packs where the stick size is small and has borne the maximum increase in du...
- Budget 2019: Cigarette makers are unlikely to hike prices due to imposition of the excise duty, say analystsAn analyst, who requested anonymity, said cigarette companies can factor this excise duty impact when they hike prices next due to increase...
- Edelweiss upgrades ITC to ‘buy’ after Budget cheerThe upgrade was also because of likely compulsory licensing of non-cigarette tobacco products and impact on unorganised cigarette market un...
- ITC, other cigarette stocks rally up to 4% as govt hikes excise duty marginallyITC surged 3.91 per cent to hit a high of Rs 268.15. This company had reported negative volume growth for the past three years.
- ITC takes a breather post Budget rally; here's what experts sayPrabhudas Lilladher (PL) believes ITC would need to hike cigarette prices by 7 per cent to neutralise the impact of excise duty hike.
- Budget fears overblown ITC rallies up to 10%; Credit Suisse upgrade to outperformThe government has increased excise duty on cigarettes by 10 per cent in Budget 2016, which was largely in line with expectations, clocking...
- Cigarette companies gain ground despite duty hike, ITC surges 9%In the previous session also, cigarette stocks had recovered after falling sharply on the excise duty hike announcement.
- Budget 2016: Excise duty on tobacco products up by 10-15%; cigarettes set to cost moreCigarette prices are set to go up for the fifth successive year in India with the Budget announcing 10-15% increase in excise duty for all ...
- Budget 2014: Excise duties on cigarettes, tobacco, pan-masala, gutka hikedCigarette price is going to go up by 12-14% for regular length cigarettes whose excise duty has been increased by 11-21%.
- 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...
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