ITC, NTC Ind: Strategies for Cigarette-related stocks after duty hike

ITC stock needs to sustain over Rs 350 to embark a new bull-run

Avdhut Bagkar | Mumbai
Last Updated at February 1, 2023 14:24 IST

Tax on cigarette raised by 16 per cent

Shares of cigarette-related companies will be in limelight starting today, as the Finance Minister raised Natural Calamity Contingent Duty (NCCD) on certain cigarettes by 16 per cent in her Union Budget 2023 speech.

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