Cigarette stocks plunge: ITC slip 5%

Posted By:
Subscribe to GoodReturns

Cigarette stocks plunge: ITC slip 5%
ITC: Quotes, News
BSE 262.10BSE Quote0.3 (0.11%)
NSE 262.45NSE Quote0.2 (0.08%)
Godfrey Philips India: Quotes, News
BSE 1042.05BSE Quote76 (7.29%)
NSE 1044.30NSE Quote79.45 (7.61%)
Shares of the ITC plunged more than 5% on Tuesday after the Health Ministry accepted prohibition on sale of loose or single stick of cigarette.

Also, increasing the minimum legal age for sale of tobacco products, increasing the fine or penalty amounts for violation of certain provisions of the Cigarettes and Other Tobacco Products.

Other cigarettes company stocks were also trading lower, Godfrey Phillip was trading lower by 8% at Rs 2,965, Kothari Product was down by 3.75% at Rs 218. Other companies such as Golden tobacco, and NTC were also seen trading lower.

ITC shares were seen trading at Rs 357 lower by 4.57% after touching intra-day low of Rs 348.

Read more about: itc
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'