Budget 2022 | ITC shares gain nearly 3% as tobacco, cigarette tax left untouched
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ITC shares see the interest in February 1 because the tax on cigarettes and other tobacco products is not touched by the Minister of Finance Nirmala Sitharaman in its budget for 2022-23.
When the business of cigarettes or tobacco contributes more than 40 percent of the company’s income, the road is always changing carefully on the script in run-up with the budget in the midst of increasing taxes Sitharaman, however, does not make changes in taxes, which experts say are positive for ITC Click here to read all direct updates on the budget 2022
ITC traded at Rs 225.80 in BSE, up 2.59 percent, with market capitalization of Rs 2.78,247.39 Crore ITC will release its financial results for the quarter ending December 2021 in February 3. It will also consider the declaration of interim dividends for the financial year ending March 2022.
Arrest all market updates directly here Godfrey Phillips India also joined the rally, up 2.53 percent to RS 1,141, with a close market of RS 5.932.51 Crore.
ITC shares see the interest in February 1 because the tax on cigarettes and other tobacco products is not touched by the Minister of Finance Nirmala Sitharaman in its budget for 2022-23. When the business of cigarettes or tobacco contributes more than 40 percent of the company’s income, the road is always changing carefully on…