ITC shares hit fresh all-time high ahead of Q3; surge 11% in 4 sessions
Shares of cigarette-to-hotel conglomerate gained as much as 6.3% in early trade to hit a fresh record high of ₹384.4 even after the government raised duty on cigarettes by 16%.
hike in duty on cigarettes
February 2023
Budget 2023: ITC, Godfrey Phillips, other cigarette stocks slide as FM hikes tax by 16%
ITC dropped marginally by 0.4%, while Godfrey Phillips declined as much as 5%. NTC Industries also dropped 1.5%.
