Cigarette sales take a hit after tax hike: Time to hit 'sell' button on ITC, Godfrey Phillips stocks?
Since the tax hike announcement made at the beginning of the year, cigarette stocks have declined between 10-17%. Industry leader ITC has emerged as the top loser as the Nifty 50 stock is down 17.55% at the ₹300 levels currently.
Since the tax hike announcement made at the beginning of the year, cigarette stocks have declined between 10-17%. Industry leader ITC has emerged as the top loser as the Nifty 50 stock is down 17.55% at the ₹300 levels currently.
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