With the Group of Ministers (GoM) recommending a reduction in GST on exercise notebooks from 12% to 5%, several stationery and notebook manufacturing companies are now in focus. Key stocks related to the sector that could benefit from the proposed tax reduction include:
Kokuyo Camlin Ltd: A well-established name in the stationery industry, Kokuyo Camlin is involved in the production of school and office supplies, including notebooks.
KOKUYO CAMLIN Share Price history
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| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Fri, Oct 18 2024
|
₹174.00
|
₹171.13
|
-1.77%
|
|
Thu, Oct 17 2024
|
₹177.30
|
₹174.21
|
-1.81%
|
|
Wed, Oct 16 2024
|
₹177.35
|
₹177.42
|
-0.95%
|
|
Tue, Oct 15 2024
|
₹179.10
|
₹179.13
|
-0.73%
|
|
Mon, Oct 14 2024
|
₹184.30
|
₹180.44
|
-1.30%
|
|
Fri, Oct 11 2024
|
₹182.13
|
₹182.81
|
-0.81%
|
|
Thu, Oct 10 2024
|
₹183.50
|
₹184.30
|
|
|
Wed, Oct 9 2024
|
₹185.40
|
₹183.00
|
-0.49%
|
Linc Ltd: Linc is another major player in the Indian stationery market, producing a range of products, including exercise notebooks.
Linc Share Price history
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| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Fri, Oct 18 2024
|
₹620.05
|
₹627.50
|
|
|
Thu, Oct 17 2024
|
₹634.00
|
₹618.95
|
-2.08%
|
|
Wed, Oct 16 2024
|
₹631.05
|
₹632.10
|
|
|
Tue, Oct 15 2024
|
₹635.75
|
₹631.10
|
-0.32%
|
|
Mon, Oct 14 2024
|
₹636.95
|
₹633.15
|
|
|
Fri, Oct 11 2024
|
₹630.35
|
₹630.65
|
-2.04%
|
|
Thu, Oct 10 2024
|
₹625.10
|
₹643.80
|
|
|
Wed, Oct 9 2024
|
₹623.90
|
₹624.85
|
|
DOMS Industries: Known for its growing presence in the stationery sector, DOMS also manufactures notebooks and other writing instruments.
DOMS INDUSTRIES LIMITED Share Price history
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| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Fri, Oct 18 2024
|
₹2,799.90
|
₹2,924.40
|
|
|
Thu, Oct 17 2024
|
₹2,819.95
|
₹2,790.00
|
-0.72%
|
|
Wed, Oct 16 2024
|
₹2,784.30
|
₹2,810.25
|
|
|
Tue, Oct 15 2024
|
₹2,802.35
|
₹2,770.70
|
-0.69%
|
|
Mon, Oct 14 2024
|
₹2,708.70
|
₹2,789.90
|
|
|
Fri, Oct 11 2024
|
₹2,737.70
|
₹2,694.30
|
-1.48%
|
|
Thu, Oct 10 2024
|
₹2,700.00
|
₹2,734.75
|
|
|
Wed, Oct 9 2024
|
₹2,684.95
|
₹2,683.35
|
-0.15%
|
These companies may see a positive impact on their sales and revenue, especially in the education segment, following the proposed reduction in GST rates. Investors are likely to keep an eye on these stocks as the rate cut could boost demand for affordable notebooks.
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.