Tobacco stocks slide for 2nd day

New Delhi: Shares of cigarette and tobacco product makers ITC, Godfrey Phillips and VST Industries ended lower on Friday, extending their previous day’s decline, after the government imposed an additional excise duty on such products effective February 1.

ITC’s stock ended 3.79 per cent lower at Rs 350.15 on the BSE. During the day, the stock tumbled 5.11 per cent to Rs 345.35 -- its 52-week low.

ITC emerged as the biggest laggard among the BSE Sensex and NSE Nifty firms. The stock of Godfrey Phillips India dipped 1.70 per cent to end at Rs 2,250.65.