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Home >Market >Stock-market-news >ITC shares rise 2% on reports of tobacco inclusion in GST

Mumbai: Shares of ITC Ltd gained 2% in early trade on Thursday on reports that tobacco has been added in the goods and services tax (GST) ambit.

Inclusion in GST’s realm will most likely keep tax rates lower for tobacco-based products, according to analysts.

The amendment will be introduced in the ongoing winter session of Parliament concluding next week.

Other cigarette makers also gained. Godfrey Phillips India was up 1.9% and VST Industries rose 0.7%

At 10:33am, ITC shares were trading at 375 apiece, up 0.9%, while the benchmark BSE Sensex rose 1% to 26,973.88.

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