ITC, Godfrey Phillips, other cigarette stocks jump up to 13% amid reports of price hike

Cigarette company shares saw a significant jump on Friday. This surge followed reports of price increases, with firms like ITC, Godfrey Phillips, and VST Industries passing on higher costs to consumers. The market also saw value buying after a recent tax overhaul. Higher priced cigarette packets have been introduced, with price hikes ranging from 15% to 30%.