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ITC stock recovers post 6% fall after NCCD hike on cigarettes
short by Srishty Choudhury / on Wednesday, 1 February, 2023
After the government increased National Calamity Contingent Duty (NCCD) on cigarettes, stocks of ITC, Godfrey Phillips and Golden Tobacco fell on Wednesday. ITC shares fell nearly 6%, only to recover soon. While Godfrey Phillips and Golden Tobacco stocks fell by 4% each, NTC Industries was down over a percent and VST Industries fell 0.5%.
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