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Cigarette stocks are heating up at the start of February following the excise duty hike Companies like ITC are planning to increase cigarette prices by 2040% to offset the impact of How Tobacco Farming and Exports Power India's Economy Tobacco stocks came under pressure after cigarette prices were raised across categories in response to the revised excise duty framework that came into effect on February 1, 2026 ., During the Indias tobacco sector came under pressure following a fresh tax move aimed at curbing cigarette consumption amid public health concerns ., Shares of ITC dropped 5.65%, while Godfrey Phillips India Best Tobacco Stocks in India for 2025 Why Tobacco Stocks Are Falling in India: ITC, Godfrey Impact
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