ITC, Godfrey Phillips, VST Industries in focus as Budget 2025 leaves tobacco taxes unchanged

February 3, 2025

ITC, Godfrey Phillips, and VST Industries shares are poised for gains as excise duties on cigarettes remain unchanged in the 2025-26 Union Budget. ITC’s shares boosted by personal tax cuts and a stable tax environment. Analysts maintain a positive outlook for ITC, expecting earnings visibility and moderate tax pressure.

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