itc tobacco share price MarketToday Godfrey Phillips and ITC shares

Godfrey Phillips and ITC shares rise after both hike cigarette prices again, passing on higher excise duties that took effect in February 2026 to consumers ITC faces medium term earnings hit from sharp tobacco tax hike S&P Global Shares of tobacco companies fell on January 1 after the government imposed a new tax on cigarettes, making them costlier for an estimated 100 million smokers in India. The selling pressure was ITC share price targets revised lower; focus shifts to cigarette price hikes BusinessToday ITC Share Price : 10% ITC ! 500 ? ITC price target slashed 26% on likely cigarette price hikes The Times of India

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