The expectations are that there will be a likely increase in excise duty on cigarettes.
ITC slipped 1.4% to Rs.287 on BSE. The expectations are that there will be a likely increase in excise duty on cigarette. According to reports, tobacco products may again attract higher taxes in the upcoming Union Budget 2016-17. Highlighting a discrepancy between the existing tobacco prices and rising income levels, the health ministry along with the World Health Organisation (WHO) and other public health groups have proposed a hike in taxes of up to 40% for all tobacco products, as per reports.
The scrip opened at Rs. 292 and has touched a high and low of Rs. 292 and Rs. 285.5 respectively. So far 3847321(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 233984.64 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 409.7 on 28-Feb-2015 and a 52 week low of Rs. 283.5 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 304 and Rs. 283.5 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.93 % and 43.82 % respectively.
The stock is currently trading above its 200 DMA.
The scrip opened at Rs. 292 and has touched a high and low of Rs. 292 and Rs. 285.5 respectively. So far 3847321(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 233984.64 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 409.7 on 28-Feb-2015 and a 52 week low of Rs. 283.5 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 304 and Rs. 283.5 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.93 % and 43.82 % respectively.
The stock is currently trading above its 200 DMA.
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