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It said the hike in excise duty on cigarettes would "hurt industry volume and upset ITC's earnings" as the regulatory stance towards tobacco consumption has changed "from rational to one that curbs consumption".JP Morgan, one of the foreign broking majors in India, cut ITC's target price by 21% to Rs 375, from Rs 475

It is crucial to respect their choice and understand their motives

Ethics statement The studies involving humans were approved by the Institutional Review Board of Roswell Park Comprehensive Cancer Center