NEW DELHI: FMCG giant ITC dropped over a per cent on Friday ahead of its June quarter earnings. Analysts expect the firm to report up to 40 per cent dip in net profit. The stock was down 1.1 per cent to Rs 198.45. The scrip hit a low of Rs 197.35 during the day. The … Read more
Shares of cigarette companies have rallied over the past one month, with the three leading cigarette makers ITC, Godfrey Philips and VST Industries hitting record highs. All the three stocks have posted robust returns in the past one year, significantly outperforming the benchmark Sensex, helped by favourable taxation and increase in cost of competing tobacco … Read more