It said the hike in excise duty on cigarettes would "hurt industry volume and upset ITC's earnings" as the regulatory stance towards tobacco consumption has changed "from rational to one that curbs consumption".JP Morgan, one of the foreign broking majors in India, cut ITC's target price by 21% to Rs 375, from Rs 475
or, where its nutrient value is representative of the food type, a market leader
44,45 Regarding esophageal squamous cell carcinoma, the most common type of esophageal cancer, alcohol is a well-established risk factor acting synergistically with cigarette smoking
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No doubt these were aggressive measures, but Congress found that other steps to curb smoking were inadequate