Jefferies warned that the sharp hike in cigarette excise duty is clearly negative for ITC in the near term, likely hurting volumes and earnings. The brokerage called the move a major negative surprise for the legal cigarette industry, estimating over a 20% rise in effective tax incidence, and said it increases policy uncertainty despite its continued positive stance on ITC.
Jio IPO allotment likely today: GMP signals 22% listing gains — Here’s how to check status
The IPO allotment is expected to be finalised today, allowing applicants to check whether they have been allotted shares through the registrar’s website and other
October 26, 2026