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Godfrey Phillips shares rallied on Monday after ITC's June-quarter earnings and upbeat brokerage commentary lifted sentiment across the cigarette sector. Analysts believe the worst of the tax-led disruption may be over, although some remain cautious about margin recovery, pricing and the impact of illicit cigarette competition.
Rub-off effect? Godfrey Phillips shares jump 6% after rival cigarette maker ITC's Q1 earnings
Impact Score
Market Sentiment
↑BullishPrimary Sectors
Godfrey Phillips shares rallied on Monday after ITC's June-quarter earnings and upbeat brokerage commentary lifted sentiment across the cigarette sector. Analysts believe the worst of the tax-led disruption may be over, although some remain cautious about margin recovery, pricing and the impact of illicit cigarette competition
Key Highlights
Godfrey Phillips shares rallied on Monday after ITC's June-quarter earnings and upbeat brokerage commentary lifted sentiment across the cigarette sector.
Analysts believe the worst of the tax-led disruption may be over, although some remain cautious about margin recovery, pricing and the impact of illicit cigarette competition.
Source
Economic Times
Published
3h ago
Impact Score
75 / 100
Category
Corporate Earnings
Positive near-term momentum expected in Corporate Earnings as market digests this development.
What this means
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