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Godfrey Phillips India shares rocket 31% in just 3 sessions! Here’s what’s fuelling the rally
Godfrey Phillips India shares are surging. Companies are raising cigarette prices to cover higher costs, in light of the new tobacco tax regime. The price hikes aim to reduce expected profit declines. Marlboro Compact prices have increased. ITC is also expected to raise prices. Retailers are selling existing stock at higher rates.
ITC Share Price Live Updates: ITC's stock price shows a negative shift
Reliance, ITC, Tata Steel drive Nifty past 25,800; Sensex climbs 283 points
Broader markets outperformed the benchmarks. The Midcap Index climbed 302 points to 60,183. The Nifty Bank index gained 377 points to end at 61,551.
Sensex Today | Stock Market Highlights: Markets extend rally for third day; Nifty tops 25,800, PSU banks shine
Sensex Today | Stock Market LIVE Updates: The Indian markets have gathered greater momentum, with the Nifty index trading around 25,750 with a rise of 60 points. The Nifty Bank index is also on a similar footing, up around 300 points. Tata Steel, HDFC Life, ITC and Tata Consumer are among the top gainers.
Cigarette stocks surge up to 16% on price hikes; Godfrey Phillips leads gains
ITC, Godfrey Phillips, and VST Industries stocks surged up to 13% after cigarette price hikes to offset excise duty increases, with UBS maintaining a Buy rating on ITC Limited.
Infosys gains on Anthropic collaboration; Sensex, Nifty close higher for second session
The Sensex rose 174 points to close at 83,451, while the Nifty gained 43 points to settle at 25,725, ending above the 25,700 mark. L&T, Infosys, ITC, SBI and Adani Ports were the top contributors to the Nifty’s gain
ITC Q4 net profit declines 74% to Rs 5,113 cr as cigarette tax hike pressures margins; firm declares Rs 8 dividend
The company reported cigarette revenue of Rs 11,066 crore in Q4 FY26, compared with Rs 8,400 crore in the January–March quarter of the previous year.
Reduce ITC; target of Rs 302: Prabhudas Lilladher
Prabhudas Lilladher recommended reduce rating on ITC with a target price of Rs 302 in its research report dated May 21, 2026.
ITC needs to increase cigarette costs by 35%, Motilal Oswal explains why
The report said positive factors such as improving performance in the FMCG segment and normalisation of paperboard margins are being offset by earnings pressure in the cigarette business.
Taking Stock: Nifty, Sensex extend losses for second day as oil surges; rupee falls
More than 360 stocks touched their 52-week low, including Hexaware Technologies, Jubilant Foodworks, Five-Star Business, C E Info Systems, Varun Beverages, Jyothy Labs, Tata Motors Passenger Vehicles, ITC Hotels, Lemon Tree, Trent, KPIT Technologies, Jyoti CNC Auto, Swiggy, Colgate Palmolive, Cera Sanitary, Aegis Logistics, IRCTC, among others.
Stocks to Watch Today: Info Edge, KEC International, RITES, NHPC, NTPC, NPST, Poonawalla Fincorp, Uflex, Delhivery, Redtape in focus on 09 April
Stocks to Watch, 09 Apr: Stocks like Info Edge India, KEC International, Lupin, RITES, NHPC, NTPC, Redtape, Bosch, Poonawalla Fincorp, Delhivery, Jindal Poly Films, Uflex, ITC Hotels, and Steel Authority of India will be in focus on April 9.
ITC Hotels: Should investors check into this premium hotel stock?
Growth visibility, a robust expansion pipeline, and a widening valuation discount to peers make the hotelier an attractive play on India’s premium hospitality sector