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ITC, cigarette stocks jump as buying interest revives
ITC and other cigarette stocks surged up to 13 percent, driven by price hikes, margin optimism and renewed investor interest.
Cigarette stocks including ITC saw sharp gains, rising up to 13% amid renewed buying interest in the market. Investors reacted positively to recent price hikes, improved volume outlook and stable taxation expectations. Cited margin expansion, resilient demand and defensive characteristics of cigarette businesses as key factors supporting stock prices. The rally reflects stronger confidence in earnings visibility despite regulatory sensitivities surrounding the sector.