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Cigarette stocks fall amid reports of tough tobacco policy

Press Trust of India  |  Mumbai 

Shares of cigarette companies - ITC, and - fell by as much as 6 per cent amid media reports that the government may tighten norms to put check on smoking.

Stocks of slumped 6.09 per cent to Rs 2,990, while was down by 1.85 per cent to Rs 351.05 and lost 3.58 per cent to Rs 1,625.05 on the


According to reports, the government is considering a proposal to ban sale of loose cigarettes.

The health ministry has also proposed to raise age limit for consumption and increasing the fine for smoking in public spaces to Rs 20,000 from Rs 200, apart from making this a cognisable offence, it said.

In the broader market, the benchmark ended at 27,057.41, down 207.91 points.

First Published: Wed, September 10 2014. 17:31 IST
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