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The brokerage downgraded ITC from Buy to Neutral and cut its target price to Rs 400.The magnitude of the tax increase is staggering, analysts said, noting that to fully offset the levy, ITC may need to raise prices by as much as 40%, assuming no change in product mix.Jefferies, which downgraded the stock from Buy to Hold, warned that if the company passes on the full impact through price hikes, the effective tax burden could rise to nearly 70%, pushing tobacco taxes per stick from about 55% to 65% of the maximum retail price

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Ive not smoked in my life time and being new to pipe smoking I felt like peeping through a knot hole in the barn, listening to all you experienced smokers with your knowledge of blends Ive never heard of, sitting around on bales of hay, smoking your favorites

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