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Today, by a sudden hunch I wanted to know what if some one who smokes had invested a equal amount of money into the shares of the leading tobacco company (ITC). How would the Investment fare and what would be the current value. And before I say anything, let me say that I neither smoke nor have invested into ITC...
The stock of ITC today saw a swift fall during market hours after news hit about the government accepted the proposal to ban sale of single cigarettes. With something to the order of 70% of sales supposedly coming through sales of loose cigarette’s, the knee jerk reaction was not too surprising. While the thought process is that such a ban...
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