ITC shares fell sharply on Thursday, erasing over Rs 50,000 crore in market value after a steep new cigarette tax spooked investors. The excise hike—on top of GST—may force price increases of 15% or more, raising risks of volume loss and a shift toward illicit trade, analysts warned.
​ITC shares fell sharply on Thursday, erasing over Rs 50,000 crore in market value after a steep new cigarette tax spooked investors. The excise hike—on top of GST—may force price increases of 15% or more, raising risks of volume loss and a shift toward illicit trade, analysts warned. by Soban News (international And National News)
