Tag: Cigarette

[ad_1] Along with the three major cigarette makers, cigarette companies’ shares have risen over the past month. ITCgodfrey PHILIPS And VST Industries going to record highs. Helped by favorable taxation and increased cost of competing tobacco products, all three stocks have posted strong returns over the past year, outperforming the benchmark Sensex. Unlike previous years, the central government has not increased the excise duty on cigarettes in this fiscal year’s budget, though states have separately raised value-added tax (VAT). Whereas in northern states like Rajasthan there has been a considerable…