ITC, Varun Beverages drop on GST hike report

Shares Of ITC, Varun Beverages Slip On Tuesday After Reports State GST Hike Likely On Tobacco, Aerated Drinks
The cigarette maker, ITC, saw its shares decline 3 per cent in the intra-day trade today, while aerated drinks maker, Varun Beverages, clocked a 5 per cent fall in the market
Indian shares off to muted start; ITC, Varun Beverages drop on GST hike report
(Reuters) -Indian shares were little changed at the open on Tuesday as consumer stocks fell after a report of a likely tax hike on cigarettes, tobacco and aerated drinks, offsetting broad-based gains.
Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes,
Varun Beverages shares slip over 5% as GST on aerated beverages may be hiked to 35%
Shares of Varun Beverages fell by 5.2% as the Group of Ministers proposed raising the GST rate on aerated drinks to 35%. This hike in taxes affects Varun Beverages significantly since most of its revenue comes from India’s aerated beverages segment.
Varun Beverages shares fall 5% on possible hike in GST rate to 35%
The Group of Ministers on GST rate rationalisation has recommended to raise tax on aerated beverages to 35% from the current 28%.
ITC, VST Industries, Varun Beverages Shares Drop on GST Hike
Shares of ITC, VST Industries, and Varun Beverages declined after a GoM proposed a 35% GST on sin goods including aerated beverages, cigarettes, and tobacco products.
Varun Beverages shares 3.39% as Nifty gains
Shares of Varun Beverages Ltd. traded 3.39 per cent in Monday's trade at 09:59AM (IST). Around 68,668 shares changed hands on the counter. The scrip opened at Rs 624.95 and touched an intraday high and low of Rs 643.
Why ITC, Varun Beverages, Godfrey Phillips shares dropped today
Shares of ITC fell 2.94 per cent to hit a low of Rs 463.10. Godfrey Phillips India declined 2.45 per cent to Rs 5,616.85. VST Industries was down 0.12 per cent at Rs 325.30. The PepsiCo bottler Varun Beverages slipped 3 per cent to Rs 613.
Stock Market LIVE: ITC, Varun Beverages dip 2% on GST rate concerns; Sensex up 200 pts
Overnight in the US, Wall Street's major indices, Nasdaq and S&P 500, closed at record highs on Monday, boosted by tech-related shares following strong November gains
Share price of Varun Beverages rises as Nifty strengthens
Shares of Varun Beverages Ltd. gained 3.39 per cent to Rs 642.1 in Monday's trade as of 10:00AM (IST). The stock hit a high price of Rs 643.95 and low of Rs 622.25 during the session. The return on equity (ROE) for the stock stood at 29.
35% GST — Shares of ITC, Varun Beverages fall up to 5% after CNBC-TV18 newsbreak
Cigarettes is a significant contributor to ITC's overall topline and is one of the major businesses for the company aside of FMCG & other, Agri, Paper and Hotels.
Why tobacco, cigarettes, aerated drinks are likely to become costlier in India
The Group of Ministers (GoM) on GST rate rationalisation has suggested raising the tax on products like aerated drinks, ...
Mint1d
Varun Beverages share price
5/- to Rs. 2/-. 15-Jun-23 10 5 Stock split from Rs. 10/- to Rs. 5/-. Varun Beverages Limited is an India-based company, which is a franchisee of PepsiCo. It produces and distributes a range of ...
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