itc cigarette price hike ITC, Godfrey Phillips, other stocks jump up to 13% amid reports of itc cigarette price hike Tobacco
itc cigarette price hike Tobacco prices have risen 20% in the past seven months, while Today Shares of cigarette manufacturers, including ITC and Godfrey Phillips India, have witnessed a major spike after reports of price hikes. The surge comes as the companies look to offset the impact #MarketToday #Nomura in its latest note said #ITC Ltd had begun implementing #cigarette price hikes, but the increases were lower than the brokerage's expectations for most brands. As a result ITC's cigarette price hikes may cushion volumes, but hurt margins: Nomura Markets News Business Standard
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