Search

    Language Settings
    Select Website Language

    GDPR Compliance

    We use cookies to ensure you get the best experience on our website. By continuing to use our site, you accept our use of cookies, Privacy Policy, and Terms of Service.

    dailyadda
    dailyadda

    ITC price target slashed 26% on likely cigarette price hikes

    6 days ago

    Brokerages have significantly downgraded ITC and slashed target prices following a proposed steep tax hike on tobacco products. Analysts anticipate cigarette price increases of up to 32%, warning of a potential surge in smuggled goods. The stock has seen substantial losses, with market capitalization dropping by approximately Rs 66,200 crore in just two sessions.
    Click here to Read More
    Previous Article
    Rupee slips 23 paise to close at 90.2 against dollar
    Next Article
    Govt clears 22 electronics parts projects at Rs 42,000 crore investment

    Related Business Updates:

    Are you sure? You want to delete this comment..! Remove Cancel

    Comments (0)

      Leave a comment