Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
22 October, 2017 12:00 IST
ITC surges with GST on cigarette seen as neutral
Source: IRIS | 17 Mar, 2017, 10.51AM
Comments  |  Post Comment

FMCG major ITC witnessed a sharp rise in share price on Friday with analysts saying the goods and services tax (GST) imposed on the cigarette industry is neutral.

On Thursday, the GST council gave its nod to the two remaining pieces of supporting legislation for implementing the reform paving the way for introduction in Parliament and state legislatures.

Shares of ITC (Q,N,C,F)* are trading at Rs 288.85, up Rs 20.65, or 7.70% at the Bombay Stock Exchange (BSE) on Friday at 10:41 a.m.

The scrip has touched an intra-day high of Rs 289.00 and low of Rs 276.00. The total volume of shares traded at the BSE is 1,266,535.

Total volume of shares traded on the bourses today was higher by 126.67% to 23,996,226 compared with 22-day average volume of 10,586,513.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer