Archive · 5 Sep 2025
Shares of ITC, VST, and Varun Beverages Continue Decline
Stocks of companies that sell products like tobacco and beverages went down in value.
This is because the government might add more taxes to these products, beyond the taxes already in place.
On Wednesday, the tax on carbonated drinks also went up.
These changes led investors to sell off these stocks, causing their prices to fall.
This double hit affected the market.
Shares of ITC, VST Industries, and Varun Beverages faced selling pressure.
The decline was due to reports of potential additional taxes on 'sin goods'.
ITC shares dropped 2.5% on Friday.
Varun Beverages shares fell nearly 2.5% on Friday.
VST Industries shares declined 2% on Friday.
- Who
- ITC, VST Industries, and Varun Beverages
- What
- Experienced a decline in share prices
- When
- Friday
- Where
- BSE
- Why
- Due to reports of additional taxes on 'sin goods'
- ITC Stock Price
- Fell 2.5% to Rs 416.95
- Varun Beverages Stock Price
- Fell nearly 2.5% to Rs 476.75
- VST Industries Stock Price
- Declined 2% to Rs 268.20
- ITC Market Cap
- Rs 5.08 lakh crore
- Varun Beverages Market Cap
- Rs 1.61 lakh crore
- VST Industries Market Cap
- Rs 4564 crore
- Proposed Tax
- Additional tax on 'sin goods'
Sources
Sin tax effect: Varun Beverages lose fizz, fall below Rs 500 mark in early deals
Sin tax effect: Varun Beverages lose fizz, fall below Rs 500 mark in early deals
Can increased GST on cold drinks help curb obesity? An endocrinologist explains
Varun Beverages shares in focus today, here's why