Cigarette stocks light up! ITC, Godfrey Phillips surge up to 12% on price hike reports

Cigarette stocks surged on Dalal Street as manufacturers raised prices to offset increased excise duties. ITC, Godfrey Phillips India, and VST Industries saw significant gains following reports of price hikes aimed at protecting margins. This move comes after the government's notification on a new tobacco taxation framework.

By TOI BUSINESS DESK