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ITC stock drops 3.4% on cess move

Tue, Jul 18 2017, 01:51 PM

The share price of cigarette-cum-FMCG major ITC dropped 3.4% on Monday, in the backdrop of the Goods and Services Tax (GST) Council imposing a cess that would increase the tax on cigarettes by Rs 4.8-7.9 per 10 sticks.