Equity Analysis

Company News

    Shri Jagdamba Polymers Ltd
    Industry :  Packaging
    BSE Code
    ISIN Demat
    Book Value()
    512453
    INE564J01026
    300.0014844
    NSE Symbol
    P/E(TTM)
    Mar.Cap( Cr.)
    N.A
    17.49
    696.87
    EPS(TTM)
    Face Value()
    Div & Yield %:
    45.5
    1
    0.09
     
Yaan Enterprises 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.