Cigarette stocks surge as ITC, Godfrey Phillips India jump up to 11%
Indian cigarette stocks staged a sharp comeback on February 6, 2026, as ITC and Godfrey Phillips India jumped up to 11% in a single session, surprising investors. The rally followed reports of fresh price hikes and strong Q3 earnings, which eased fears around the recent excise duty increase effective from February 1. After weeks of…