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Cigarettes & Tobacco stocks decline as Govt announces 16% increase in NCCD on Certain Cigarettes

01 Feb 2023 Evaluate

Shares of companies related to Cigarettes & Tobacco business declined after Finance Minister announced 16% increase in National Calamity Contingent Duty (NCCD) on Certain Cigarettes.

Godfrey Phillips India is currently trading at Rs. 1871.80, down by 51.50 points or 2.68% from its previous closing of Rs. 1923.30 on the BSE. The scrip opened at Rs. 1925.00 and has touched a high and low of Rs. 1925.00 and Rs. 1865.00 respectively. So far 2756 shares were traded on the counter.

NTC Industries is currently trading at Rs. 87.85, down by 1.45 points or 1.62% from its previous closing of Rs. 89.30 on the BSE. The scrip opened at Rs. 89.80 and has touched a high and low of Rs. 91.00 and Rs. 86.60 respectively. So far 2019 shares were traded on the counter.

ITC is currently trading at Rs. 351.95, down by 0.30 points or 0.09% from its previous closing of Rs. 352.25 on the BSE. The scrip opened at Rs. 352.35 and has touched a high and low of Rs. 353.95 and Rs. 334.05 respectively. So far 692389 shares were traded on the counter.

Peers
Company Name CMP
ITC 269.00
Godfrey Phillips Ind 1970.00
VST Industries 205.05
Indian Wood Products 35.51
NTC Industries 136.80
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