You are right. Lets hope that rational decision is taken in the budget. Health Minister has also written letters to State Govt to raise VAT by 50% on cigarettes.It appears that Health Minister has more interest in looking after affairs of Govt finance. He should perhaps exchange his portfolio
9.42 PM Jul 7th
GODFREY PHILIPS LTD. ( BSE Code : 500163 ) CMP : 3000 1936 - The Company was originally established and developed by Godfrey Philips Ltd., London, a publicly owned cigarette and tobacco manufacturer incorporated in U.K. with extensive international operations. The Company manufacture
9.05 PM Jul 7th
Last time USL had retraced from 2380 and again it has come almost to this level today. Should find support here otherwise good support @ 2250 level. Can hold longs with 2250 as SL. Should move after the budget as the investor lot may be worried about high taxes on Alcohol and Cigarettes.
7.57 PM Jul 7th
I cant understand why the Health Minister is just targetting cigarettes which is sold legally with health warnings.He should target other illegal activities like drug abuse, country liquor etc . He is targetting Companies which pay taxes and leaving others who indulge in illegal trade.
3.20 PM Jul 7th
HUL doesnt deal in Cigarettes and FDA will be welcome by Mr. Modi. ITC may get benefits of Tourism ... HUL still wins out with a higher chance of UL bidding for complete or more control through buy out of shares. ITC will have issues with Govt. regulations in my opinion.
1.18 PM Jul 7th
ITC is going to face stiff challenges in business environment. Government has already sent signals to that. Unless its other businesses are doing real good ITC cant go on taking things for granted for its cigarette business and neither a knowledgeable investor should. These rises are just dead cat
11.33 AM Jul 6th