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ITC shares hits record high after lower-than-expected excise duty hike

ITC shares hits record high after lower-than-expected excise duty hike

Thursday, February 2, 2017, 3:01 PM

Shares of ITC Ltd hit record on Thursday after finance minister Arun Jaitley announced lower-than-expected excise duty hike on cigarettes in the union budget 2017-18. ITC stock hit a record high of Rs279.90 a share and gained as much as 3.8%. The stock is gaining from the last three consecutive sessions and rose 9.3% in this period.
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