itc cigarette price hike India's posts profit uptick on tax-led hikes, Middle East crisis drags ITC price target slashed 26%
ITC price target slashed 26% on likely cigarette price hikes The Times of India According to a report by NDTV Profit citing B&K Securities, Godfrey Phillips increased the price of Pocket Marlboro to Rs 85 from Rs 70, while ITC raised the price of Gold Flake ITC Ltd. has sharply raised cigarette prices across some categories, negating the impact of excise duty on its operating income, according to on ground study by analysts at B&K Securities and InCred. [ 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 Price Hikes Are Very Sharp; Will Be Passed On In A Staggered Manner: Sanjiv Puri, ITC CNBC TV18 Cigarette stocks jump 20% Is this a short rally or bigger shift ahead? , Shares of ITC Ltd, Godfrey Phillips India Ltd, and VST Industries Ltd rose sharply after reports said cigarette makers
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