neutral
Recently
Tobacco Stocks React to Central Excise Bill: ITC Stable, VST & Elitecon Dip, Bidi Stocks Surge
Tobacco stocks saw mixed movement post the Central Excise Bill's passage, with ITC steady, bidi stocks gaining 4%, and smaller tobacco firms slipping.
Tobacco stocks saw varied reactions after the Lok Sabha passed the Central Excise (Amendment) Bill, 2025, which grants the government the authority to raise excise duties on tobacco products once the GST compensation cess ends. While ITC remained steady, trading at ₹401.55, VST Industries, Elitecon International, and NTC Industries saw declines.