Investors have dumped shares of cigarette-to-consumer goods maker ITC in the last two trading days after the government, in the Union Budget on Saturday, increased excise duty on cigarettes.
ITC shares, which fell about 5% on Tuesday after a spate of analyst downgrades, have plunged 13% since Saturday, when stock exchanges opened for a special trading session on the Budget day.
ITC shares, which fell about 5% on Tuesday after a spate of analyst downgrades, have plunged 13% since Saturday, when stock exchanges opened for a special trading session on the Budget day.
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