Companies & Industry »Company News»Company News Details
Company News Details

BSE   20 Aug 14 | 12:00 AM

345.00 -3.9 (-1.12%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 500875
Face Value: N.A.

NSE   20 Aug 14 | 12:00 AM

344.95 -3.65 (-1.05%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: ITC
Performance
1 Week : Rs 356.75 (-3.29%)
1 Month : Rs 349.05 (-1.16%)
1 Year : Rs 300.20 (14.92%)
change companytradenow
Back

ITC extends fall post UP government tax hike

SI Reporter / Mumbai 03 Jul 12 | 02:52 PM

ITC is trading lower by 1.3% at Rs 246.85, extending its Monday’s 3.4% fall, after the Uttar Pradesh (UP) government decided to increase taxes on tobacco products from 12.5% to 50%. The state contributes around 5% to ITC’s revenue from cigarette sales.

“ITC may increase the price of cigarettes by 2% to mitigate the impact of value added tax (VAT) announced by Uttar Pradesh government," said Manoj Menon of Kotak Institutional Equities, while talking to TV channel.

The stock opened at Rs 250 and hit a low of Rs 246 on the National Stock Exchange. A combined 8.93 million shares have changed hands on the counter so far on both the exchanges.

 

Sensex

Company Price Gain (%)
Sun Pharma.Inds.847.104.64
Cipla491.903.79
Dr Reddy`s Labs2,888.002.25
Tata Power Co.94.351.73
B H E L230.601.47

Messages

Online Portfolio

You can create Online Portfolio here using the below button.