With the Group of Ministers (GoM) recommending a reduction in GST on 20-litre packaged drinking water bottles from 18% to 5%, several stocks related to the beverage sector have come into focus. Key companies that may be impacted by this decision include:
Varun Beverages Ltd: One of the largest bottlers of PepsiCo in India, Varun Beverages is heavily involved in the production and distribution of packaged drinking water under the brand Aquafina.
VARUN BEVERAGES LIMITED Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Fri, Oct 18 2024
|
₹594.00
|
₹588.75
|
|
|
Thu, Oct 17 2024
|
₹598.00
|
₹588.40
|
-3.27%
|
|
Wed, Oct 16 2024
|
₹613.00
|
₹608.30
|
-0.45%
|
|
Tue, Oct 15 2024
|
₹594.90
|
₹611.05
|
|
|
Mon, Oct 14 2024
|
₹596.80
|
₹591.65
|
-0.12%
|
|
Fri, Oct 11 2024
|
₹591.95
|
₹592.35
|
|
|
Thu, Oct 10 2024
|
₹598.95
|
₹588.65
|
-0.63%
|
|
Wed, Oct 9 2024
|
₹599.00
|
₹592.40
|
|
Tata Consumer Products Ltd: Known for its diversified portfolio, Tata Consumer Products is also involved in the water segment with Himalayan Water as one of its key offerings.
Tata Consumer Products Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Fri, Oct 18 2024
|
₹1,090.15
|
₹1,093.25
|
|
|
Thu, Oct 17 2024
|
₹1,113.00
|
₹1,090.15
|
-2.14%
|
|
Wed, Oct 16 2024
|
₹1,115.20
|
₹1,113.95
|
-0.12%
|
|
Tue, Oct 15 2024
|
₹1,116.00
|
₹1,115.25
|
|
|
Mon, Oct 14 2024
|
₹1,120.00
|
₹1,113.55
|
|
|
Fri, Oct 11 2024
|
₹1,118.00
|
₹1,113.10
|
-0.09%
|
|
Thu, Oct 10 2024
|
₹1,117.80
|
₹1,114.15
|
-0.33%
|
|
Wed, Oct 9 2024
|
₹1,127.00
|
₹1,117.80
|
-0.11%
|
Orient Beverages Ltd: The company is engaged in the manufacturing of packaged drinking water and could benefit from the proposed tax cut.
ORIENT BEVERAGES LTD Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Fri, Oct 18 2024
|
₹291.50
|
₹297.25
|
-1.41%
|
|
Thu, Oct 17 2024
|
₹320.00
|
₹301.50
|
-4.10%
|
|
Wed, Oct 16 2024
|
₹317.95
|
₹314.40
|
|
|
Tue, Oct 15 2024
|
₹312.15
|
₹311.60
|
-0.16%
|
|
Mon, Oct 14 2024
|
₹314.70
|
₹312.10
|
-0.03%
|
|
Fri, Oct 11 2024
|
₹318.40
|
₹312.20
|
-1.95%
|
|
Thu, Oct 10 2024
|
₹322.00
|
₹318.40
|
|
|
Wed, Oct 9 2024
|
₹322.00
|
₹315.05
|
|
These stocks are worth monitoring as the GST reduction could lead to an increase in demand, positively influencing their revenue.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.