ITC Shares Under Pressure After Govt Raises Cigarette Excise Duty

ITC shares came under pressure after the Indian government increased cigarette excise duty, leading to an estimated 22–50% rise in cigarette prices. While the stock fell around 4% in the latest session, it is down nearly 15% over the past year, recently touching a 52-week low. Analysts note that ITC may need to pass on higher costs through price hikes, keeping the stock firmly in focus for both traders and long-term investors. #ITC #CigaretteStocks #ExciseDuty #BudgetImpact #StockYardResearch