Shares of Flair Writing Industries Ltd surged 5.38% to ₹339.60 on Wednesday, September 4, after the GST Council announced sweeping tax cuts on education-related items, sparking fresh buying interest in stationery stocks. The stock opened firm and touched a high of ₹348.80 during the session, compared to its previous close of ₹322.25.
The rally comes on the back of the Next-Gen GST reforms, under which the Council slashed GST rates to nil on essentials such as pencils, sharpeners, crayons, pastels, exercise books, notebooks, erasers, maps, charts, and globes. This move is expected to make school supplies significantly cheaper, directly benefiting households and students while boosting demand for branded stationery products.
Flair, a leading player in the organized stationery market, is seen as a key beneficiary of this reform. Analysts noted that the GST relief could drive higher sales volumes and improve penetration for organized players over the unorganized sector, particularly ahead of the festive and academic buying cycles.
With a market capitalization of ₹35.77 billion and a strong presence in the writing instruments space, Flair Writing is likely to remain in focus as investors bet on structural demand growth following the GST cuts.
