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Cigarette makers jump on buzz of ban on e-cigarettes

Capital Market 

Shares of cigarette makers jumped after the government today, 18 September 2019, approved a ban on the manufacturing and sale of e-cigarettes.

Godfrey Phillips India (up 7.46%), ITC (up 1.75%) and VST Industries (up 0.81%) advanced.

The S&P BSE Sensex was up 131.65 points, or 0.36% at 36,612.74.

An electronic cigarette or e-cigarette is a handheld battery-powered vaporizer that simulates smoking, but without burning tobacco. E-cigarettes are heated and the vapors of nicotine as well as the flavours are then inhaled. Using an e-cigarette is known as "vaping".

The Bhartiya Kisan Union (BKU) on Monday, 16 September 2019, reportedly appealed to the government to ban e-cigarettes and vaping products in the country.

"The main reason is that e-cigarette companies who are trying to open shops in India are from foreign origin and do not use Indian tobacco," Jagjeet Singh Dallewala from the BKU said.

He said for products like electronic nicotine delivery systems (ENDS), extraction of nicotine from tobacco was done outside India and tobacco used was also grown outside India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 18 2019. 14:53 IST