Indian Tobacco Stocks Drop After Steep Cigarette Excise Duties
Indian Tobacco Stocks fell on Thursday, January 1, 2026, after the Centre announced that additional excise duty will start on February 1 for tobacco products and a new tax on pan masala. At 10:15 PM, ITC shares dropped 5.83 %, Godfrey Phillips India declined 9.94 %, and VST Industries fell 0.56 %. Indian Tobacco Stocks