ITC shares rally over 6% to hit fresh 52-week high. Was the Budget really so good?
Shares of cigarette-to-hotels major rallied over 6% to hit a 52-week high of Rs 384.4 in Thursday’s trade on BSE after the hike in duty on cigarettes in Budget will have a limited impact. The government has hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%. NCCD accounts for about 10% of overall … Read more