Cigarette stocks plunge: ITC slip 5%

Posted By:
Subscribe to GoodReturns

Cigarette stocks plunge: ITC slip 5%
ITC: Quotes, News
BSE 273.45BSE Quote5.35 (-1.96%)
NSE 273.45NSE Quote5.3 (-1.94%)
Godfrey Philips India: Quotes, News
BSE 767.40BSE Quote20.15 (-2.63%)
NSE 764.45NSE Quote24.7 (-3.23%)
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
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more