New Delhi, Feb. 18 -- Shares of cigarette manufacturers ITC, Godfrey Phillips India and VST Industries surged up to 8% on Wednesday, February 18, extending their winning run to the second day in a row.

The rally in cigarette stocks comes amid several reports that these companies have taken steep price hikes to offset the impact of the excise duty increase.

More to come.

Published by HT Digital Content Services with permission from MINT....