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It hit a 52-week low of Rs 362.70 in the intra-day trade..ITC is set to face near-term margin and volume pressures following the governments notification of a new excise duty on cigarettes, Religare Broking said in a note..However, the brokerage underlined that ITCs strong pricing power and diversified business model should support medium-to-long-term earnings resilience..According to an explanatory note issued by the Finance Ministry, the move to impose higher taxes are aimed at preventing cigarettes from becoming more affordable at a time when the economic burden of tobacco-related diseases is projected to exceed Rs 2.4 lakh crore annually, as per the Ministry of Health and WHO estimates..It is consistent with Indias long-standing policy that tobacco should be taxed heavily relative to other goods, especially given its adverse health externalities and addictive nature, it said..Pricey Puff * A cigarette currently priced Rs 18 per stick would cost Rs 21-22 after the new excise duty kicks in * The taxes will be levied over and above 40% GST on the tobacco products

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