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Tobacco stocks came under pressure after cigarette prices were raised across categories in response to the revised excise duty framework that came into effect on February 1, 2026 ., During the India's Supreme Court Orders Tobacco Companies to Comply With Health Warning Rules WSJ India's Tobacco Industry, Farmers Resist Warnings on Cigarettes Business Shares of Indian tobacco companies fell on Thursday after the government imposed a new tax on cigarettes, making them costlier for an estimated 100 million smokers. ITC, maker of Gold Indian Flake Cigarette packets abstract. India Stock Photo Alamy

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