ITC Share Price Fell Sharply Today; Godfrey Phillips Down 10% Amid Excise Duty Hike on Cigarettes
Shares of leading tobacco companies ITC Ltd and Godfrey Phillips India witnessed a sharp decline in today’s trading session after the government announced a significant hike in excise duty on cigarettes, effective February 1, 2026. The move, part of the Central Excise (Amendment) Bill, 2025, has rattled investor sentiment, leading to heavy selling in tobacco-linked…
