Cigarette shares gain on GST Council proposals; ITC up over 5%

Godfrey Phillips, VST Industries and Golden Tobacco rallied over 2% on BSE in intra-day trade.

Shares of cigarette companies are in focus with ITC rallying over 5% in morning deals, after the Goods and Services Tax (GST) Council on Thursday cleared a proposal to cap the cess on tobacco and cigarettes.

ITC surged 7.5% to Rs 288 on BSE in intra-day trade. The stock was trading close to its lifetime high of Rs 292, touched on February 7, 2017.

Godfrey Phillips India (up 5% at Rs 1,346), VST Industries (4% at Rs 2,748) and Golden Tobacco (3% at Rs 82) are other stocks rallied over 2% on BSE in intra-day trade. On comparison,