Tag: GST on cigarettes
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ITC Shares Fall After Cigarette Tax Hike Buy or Avoid
At the beginning of 2026, ITC Ltd., one of India’s most closely tracked blue-chip stocks, witnessed a sharp sell-off that unsettled investors. The company’s shares fell nearly 4% in a single session and extended losses to about 13% over two days. This steep decline followed the Finance Ministry’s announcement of a revised cigarette taxation structure,…