Equity Analysis

Company News

    Sheetal Universal Ltd
    Industry :  Food - Processing - Indian
    BSE Code
    ISIN Demat
    Book Value()
    91905
    INE04VX01019
    30.1299773
    NSE Symbol
    P/E(TTM)
    Mar.Cap( Cr.)
    SHEETAL
    42.42
    87.47
    EPS(TTM)
    Face Value()
    Div & Yield %:
    1.8
    10
    0
     
ITC Ltd
Tobacco makers' shares decline amid reports of GST hike on tobacco products
Feb 20,2025
Godfrey Philips India (down 4.71%), VST Industries (down 3.34%) and ITC (down 1.08%) declined.

Media reports suggest the government may increase the GST on cigarettes and other tobacco products once the compensation cess ends. Currently, these products, classified as 'sin goods,' are taxed at 53% (28% GST plus other levies), short of the WHO's 75% target. A potential strategy is to raise the GST to the 40% limit and add an excise duty. Tobacco products, including cigarettes and pan masala, contribute significantly to government revenue.