Tobacco stocks in focus; Godfrey Phillips up 16% intra-day

ITC and VST Industries were up 3% on NSE.

Shares of tobacco stocks were in focus with ITC, Godfrey Phillips India and VST Industries rallied by upto 16% in intra-day trade on value buying.

Most of these stocks had corrected between 25% and 40% from their recent high touched in July, after the Goods and Services Tax (GST) Council increased cess on cigarettes.

Godfrey Phillips India surged 16% to Rs 1,054 in intra-day trade on the National Stock Exchange (NSE) on Wednesday, on back of over five-fold jump in trading volumes. A combined 1.13 million shares changed hands on the counter on BSE and NSE so far.