Power-puffed! Tobacco stocks recover despite 10-15% excise duty hike

India Infoline News Service | Mumbai | February 29, 2016 16:21 IST

ITC Ltd ended at Rs. 295.8, up by Rs. 4.8 or 1.65% from its previous closing of Rs. 291 on the BSE. The scrip opened at Rs. 292 and touched a high and low of Rs. 301.5 and Rs. 268 respectively. A total of 57683761(NSE+BSE) shares were traded on the counter.

Godfrey Phillips India
Stocks of tobacco product manufacturers and cigarette makers showed impressive recovery in the second half of the session and ended higher despite the Finance Minister Arun Jaitley proposed 10-15% hike in excise duty on tobacco products, in his Budget 2016 speech.

ITC Ltd ended at Rs. 295.8, up by Rs. 4.8 or 1.65% from its previous closing of Rs. 291 on the BSE. The scrip opened at Rs. 292 and touched a high and low of Rs. 301.5 and Rs. 268 respectively. A total of 57683761(NSE+BSE) shares were traded on the counter.

Godfrey Phillips India Ltd ended at Rs. 1075.9, up by Rs. 54.95 or 5.38% from its previous closing of Rs. 1020.95 on the BSE. The scrip opened at Rs. 1011.25 and touched a high and low of Rs. 1121.9 and Rs. 960.9 respectively. A total of 421124(NSE+BSE) shares were traded on the counter.

Kothari Products Ltd ended at Rs. 158.9, up by Rs. 3.1 or 1.99% from its previous closing of Rs. 155.8 on the BSE. The scrip opened at Rs. 153 and touched a high and low of Rs. 162.1 and Rs. 151.7 respectively. A total of 17406(NSE+BSE) shares were traded on the counter.

VST Industries Ltd ended at Rs. 1535, up by Rs. 22.5 or 1.49% from its previous closing of Rs. 1512.5 on the BSE. The scrip opened at Rs. 1505 and touched a high and low of Rs. 1544.6 and Rs. 1480 respectively. A total of 6432(NSE+BSE) shares were traded on the counter.

However, NTC Industries and Golden Tobacco closed at Rs. 37.30 and Rs. 35.45 with a loss of 1.06% and 0.84% respectively. 

BSE 267.20 [0.30] ([0.11]%)

***Note: This is a NSE Chart

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.