The Economic Times

Godfrey Phillips India shares rocket 31% in just 3 sessions! Heres whats fuelling the rally

Godfrey Phillips India shares are surging. Companies are raising cigarette prices to cover higher costs, in light of the new tobacco tax regime. The price hikes aim to reduce expected profit declines. Marlboro Compact prices have increased. ITC is also expected to raise prices. Retailers are selling existing stock at higher rates.