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Tobacco stocks came under pressure after cigarette prices were raised across categories in response to the revised excise duty framework that came into effect on February 1, 2026 ., During the Indian Tobacco Stocks Slide After Government Imposes Higher Cigarette Excise Duty Tobacco stocks tank as new taxes to come into effect from February 1 Markets News Business Standard Indian tobacco stocks tank as government levies new tax on cigarettes Reuters Chart: What Are the Most Popular Tobacco Products in India? Statista

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