Searched for
TOBACCO STOCKS FALL
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsThe latest escalation in the US-Iran war means that crude oil price is back as a risk for India. Although we are in a market already strugg...- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsGiven the latest news flow from the Gulf region, the probability is high that we might once again see the bulls attempting a comeback. As u...
- In a volatile market, odds do favour contrarians, but only if they have an edge: 4 stocks from different sectors with dividend yield of up to 5.8%When a fundamentally strong business is available at 4% dividend yield, the probability that you will have both dividend and the capital ga...
- Meta faces $310 billion market value drop on legal, AI concernsShares of the Facebook and Instagram parent are down 19% this month, putting them on pace for their worst performance since October 2022. T...
- LIC's losses mount to Rs 10,445 crore in ITC in 2 days as stock plummets 13% after tax hikeLIC has incurred losses of over Rs 10,400 crore in just two days as ITC shares plunged 14% following a steep excise duty hike on cigarettes...
- Cigarette stocks ITC, Godfrey Phillips, VST down up to 4%. Here's whyFollowing the news, VST Industries shares fell 4% to day's low of Rs 287.20, Godfrey Phillips stock fell about 4% while ITC fell over 2% to...
- After 2 years of goldilocks period, will FY24 Budget be a boon or bane for ITC?If the quantum of hike in tax is around this level, then Jefferies believes ITC can absorb it by passing on to consumers and not seeing any...
- Rs 8,150 crore gone in a day: LIC takes biggest hit in ITC’s free fallLIC has been raising stake in ITC, from 12.17% four years ago and 14.3% as of March 2016.
- 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 impact: Excise hike hit cigarette stocks hardCigarette stocks took a hammering, falling up to 7 per cent in trade on Monday after the finance minister Arun Jaitley in his Budget speech...
- ITC trading at 35% discount to peers; accumulate stock:Pandey believes that one the GST Bill is passed, cigarette companies will see price stability over the next 2-3 years.
- Share price of ITC Ltd crashes by over 6%The scrip of country’s largest cigarette maker, which sells three out of four cigarettes, fell by 6.57% on the Bombay Stock Exchange (BSE).
- Chew on this! Indian tobacco exports dip 7 per cent on oversupplyIndia's tobacco exports fell as many importers switched to cheaper options or turned to contract farming alliances in African countries.
- Government's focus on cutting down smoking has meant continuous fall in ITC's performanceIn the Budget speech, the excise duty changes for cigarettes and tobacco products were shown under the sub-theme of promoting public health.
- Budget 2015: Cigarette prices to go up by 10-15%Smoking is going to be costlier yet again with the budget increasing excise duty on cigarettes and cigars for the fourth consecutive year.
- ITC bounces back on value buying; Morgan Stanley says 'buy on dips'The stock has remained range-bound after hitting a new high of Rs 386.75 in May this year, but has managed to rally over 12 per cent so far...
- Cigarette stocks fall amid reports of tough tobacco policyStocks of Godfrey Phillips slumped 6.09% to Rs 2,990, while ITC was down by 1.85% to Rs 351.05 and VST Industries lost 3.58% to Rs 1,625.05.
- 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...
- Tobacco prices likely to surge on shrinking acreageA decreasing acreage coupled with negligible carryover stock might firm up tobacco prices.
- Tobacco board plans to bail out AP farmersThe Tobacco Board has asked traders to procure more tobacco at higher prices to save farmers in Andhra Pradesh. Farmers in the state launch...
Load More
