The ITC stock has dropped about 12 per cent in trading today, following the government’s move to hike cess on cigarettes under the GST regime. With the earlier GST rates making cigarettes cheaper, the stock had gained about 25 per cent to touch its one year high of Rs 353 on July 3, since the announcement of the GST rates in the third week of May. ITC is the market leader in the legal cigarette i...