Feb 28, 2015 at 18:50 | Source: CNBC-TV18
According to Prakash Diwan, Director at Altamount Capital Management, one may get in to ITC at these levels.
Feb 28, 2015 at 18:48 | Source: CNBC-TV18
According to Mehraboon Irani, Principal and Head- Private Client Group Business at Nirmal Bang Securities, ITC is still looking expensive.
Feb 28, 2015 at 16:39 | Source: CNBC-TV18
In an interview to CNBC-TV18's Menaka Doshi, Senthil Chengalvarayan and Anuj Singhal Dharmesh Mehta of Axis Capital & Gautam Trivedi of Religare Capital Markets gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.
Feb 28, 2015 at 16:30 | Source:
An excise duty hike by 15 percent for cigarettes took a toll on index heavyweight ITC, knocking off some 9 percent intraday. Not only that, the government has also proposed an excise duty raise by 25 percent for 65mm cigarettes and on tobacco increased to Rs 70/kg from Rs 60/kg
Feb 28, 2015 at 14:00 | Source:
ITC is down 9 percent on excise duty hike on cigarettes. BHEL is down 5 percent, while NTPC, Hindalco and HDFC are losers in the Sensex.
Feb 28, 2015 at 12:57 | Source:
The government has increased excise duty on cigarettes by 25 percent for cigarette length of less than 65 mm and for other categories it has increased by 15 percent.
Feb 28, 2015 at 09:25 | Source:
Shares of ITC declined nearly a percent on Saturday as investors seem to be cautious fearing for an excise duty hike on cigarettes. In an earlier note, Credit Suisse had warned ITC may see de-rating if excise duty on cigarette is hiked over 15 percent indicating headwinds likely to continue for some more years.
Feb 27, 2015 at 19:17 | Source:
Finance MInister Arun Jaitley Saturday announced an excise duty hike on tobacco to Rs 70 per kg from Rs 60 per kg. The government also increased excise duty on cigarettes by 25 percent for length not exceeding 65 mm and 15 percent for other cigarette categories.
Feb 27, 2015 at 14:09 | Source: CNBC-TV18
Discussing his Budget expectations for the FMCG sector, Sanjay Manyal, Research Analyst at ICICI Direct, says the industry heavyweight ITC may absorb up to 10 percent excise hike on cigarettes, but an over 20 percent increase could be a negative for the industry as a whole.
Feb 27, 2015 at 13:12 | Source:
Shares of ITC slipped 3 percent intraday on Friday as investors seem to be cautious fearing for an excise duty hike on cigarettes. In an earlier note, Credit Suisse had warned ITC may see de-rating if excise duty on cigarette is hiked over 15 percent indicating headwinds likely to continue for some more years.
Messages on Cigarette »


Platinum Member



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 2014


Platinum Member


Jyoti Structure  

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 2014


Platinum Member


United Spirits  

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 2014


Platinum Member



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 2014


Platinum Member



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 2014


not on essentials which affects the common man. Liqor, cigarettes taxes to be increased. Increase the revenue on exports. Reduce the personal tax, improve the savings and buying power of individual. money will rotate to improve the economy.

12.30 PM Jul 7th 2014


Gold Member



Harshwardhan has asked all state govts to increase VAT on cigarettes such that there is atleast 3.5rs increase per stick. This should definitely have some sort of impact in volume growth of ITC

4.03 PM Jul 6th 2014


Silver Member



What if excise duty goes up only on tobacoo products other than cigarettes ?

2.37 PM Jul 6th 2014


Platinum Member



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 2014


New Member


Indian indices  

Just check it with your friends...Breakfast ke liye paise nahin honge....per TEA & Cigarette ke liye paise mil jate hai!

3.46 PM Jul 2nd 2014

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Feb 24, 2015 at 20:47 | Source: BBC
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