TV18 Broadcast, Godfrey Phillips India, Videocon Industries and Dr Lal PathLabs are among the other losers in the BSE's 'A' group today, 18 July 2017.
ITC slumped 12.42% to Rs 285.30 at 14:00 IST after Goods & Services Tax council increased the compensation cess rate on cigarettes to make total tax incidence on cigarettes in GST regime at par with the total tax incidence in pre-GST regime. The stock topped the losers in the BSE's 'A' group. On the BSE, 84.39 lakh shares were traded on the counter so far as against the average daily volumes of 10.58 lakh shares in the past two weeks.
TV18 Broadcast tanked 5.56% at Rs 39.05. The stock was second biggest loser in 'A' group. On the BSE, 22.11 lakh shares were traded on the counter so far as against the average daily volumes of 16.34 lakh shares in the past two weeks.
Godfrey Phillips India dropped 5.34% to Rs 1,161.90 after Goods & Services Tax council increased the compensation cess rate on cigarettes to make total tax incidence on cigarettes in GST regime at par with the total tax incidence in pre-GST regime. The stock was third biggest loser in 'A' group. On the BSE, 72,000 shares were traded on the counter so far as against the average daily volumes of 15,000 shares in the past two weeks.
Videocon Industries declined 4.84% at Rs 27.50. The stock was fourth biggest loser in 'A' group. On the BSE, 1.68 lakh shares were traded on the counter so far as against the average daily volumes of 6.06 lakh shares in the past two weeks.
Network 18 Media & Investments fell 3.69% to Rs 54.80. The stock was fifth biggest loser in 'A' group. On the BSE, 2.93 lakh shares were traded on the counter so far as against the average daily volumes of 4.44 lakh shares in the past two weeks.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)