ITC share price: Target cut as cigarette volumes may decline 8-10% in H1, says Systematix | Collector

All CURRENT NEWS SPORTS MAGAZİNE SCİENCE BUSİNESS TRAVEL AUTOMOBİLE TECHNOLOGY

ITC share price: Target cut as cigarette volumes may decline 8-10% in H1, says Systematix

Business Today

ITC share price: Target cut as cigarette volumes may decline 8-10% in H1, says Systematix

Systematix said ITC’s cigarette volumes had in FY15 and FY16 declined 8 per cent each on the back of a Basic Excise Duty hike of 72 per cent on longer cigarettes in the Union Budget 2014, and price hikes in mid-teens.

Go to News Site