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ITC has been the worst-performing BSE200 stock, falling 20 per cent in 2026 so far.Nomura said most price hikes were at around 30 per cent, compared with its expectation of 35-40 per cent, following the sharp tax hike of 40-45 per cent effective from February 1

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The amount of revenue generated by the Citys taxes on cigarettes and other tobacco products has declined over the past several years from $24 million in FY2014 to an estimated $18.9 million in FY2019