Budget 2016: ITC shares fall 7% as Arun Jaitley hikes excise duty on tobacco products
Cigarette industry continues to post volume decline in the last few quarters given multiple excise duty hike initiated by the government for four consecutive years.
New Delhi Last Updated: February 29, 2016 | 15:26 IST
ITC was the worst-performing stock on both the headline indices and hit an intraday low of Rs 268, down 7.90 per cent on the BSE. (Photo: Reuters)