Brokerages bearish on ITC as excise duty on cigarettes may hit earnings growth, slash target prices by up to 34%

The sharp selloff has wiped off around Rs 72,000 crore from the company’s market capitalization in just two days.

Cigarettes to get pricier as govt hikes excise duty — how much will you have to pay for smoking?

The Centre imposed an additional excise duty on cigarettes, starting February 1. As per the new directives, the longer the cigarette sticks, the costlier they will be. From Marlboro to Gold Flake, ...