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ITC shares gain on reports of tobacco inclusion in GST

Mumbai: Shares of ITC Ltd gained 2 per cent on Thursday on reports that tobacco has been added in the goods and services tax (GST) ambit.At 2:47 pm, the stock was trading at Rs 375.05,

India TV Business Desk [ Updated: December 18, 2014 14:47 IST ]
itc shares gain on reports of tobacco inclusion in gst
itc shares gain on reports of tobacco inclusion in gst

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

At 2:47 pm, the stock was trading at Rs 375.05, up 0.87 per cent, or Rs 3.25.

Analysts say the inclusion of tobacco is likely to keep tax rates lower for tobacco-based products.

Meanwhile, the BSE Sensex rose as much as 410 points in trade on Thursday to reclaim its crucial psychological level of 27000. The 50-share Nifty index also managed to reclaim its crucial psychological level of 8150, supported by gains in consumer durable, capital goods, metal realty and banking stocks.

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