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ITC Share Price Crash On First Day of New Year 2026 After Modi Govt Hikes Excise Duty On Cigarettes
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ITC and Godfrey Phillips shares surged as companies hiked cigarette prices by 20–30%, strengthening margin outlook despite tax pressures. 🚬📈 The sharp price increase signals strong pricing power in the organized segment,
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Shares of India's largest cigarette maker ITC Ltd. fell the most in six years after the government imposed higher tax on tobacco products. From 1 February 2026, cigarettes will be charged an
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