Wednesday 3 June 2015

ITC extend fall; Maharashtra bans loose cigarette sale

The stock has hit a high of Rs. 314.40 and a low of Rs. 301 on BSE today.

Shares of ITC Ltd were trading down 5.5% at 301.20 on BSE today. On Tuesday, Maharashtra Govt has decided to ban sale of loose cigarettes and also banned chewing tobacco in public places. ITC has been struggling with its falling cigarette volume, report stated. ITC sells brands like Gold Flake, Classic and India Kings. The stock opened at Rs. 314 as against the previous close of Rs. 319 on BSE. It has hit a high of Rs. 314.40 and a low of Rs. 301 on BSE today. Total traded quantity on the counter stood at over 5.06 lk shares on BSE.
Alliance Research 

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