Brokerages have significantly downgraded ITC and slashed target prices following a proposed steep tax hike on tobacco products. Analysts anticipate cigarette price increases of up to 32%, warning of a potential surge in smuggled goods. The stock has seen substantial losses, with market capitalization dropping by approximately Rs 66,200 crore in just two sessions.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/r9GqNOI
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