Gopal Snacks witnessed a 5.22% surge in its share price, climbing to ₹343.50 in early trading, following the government’s decision to reduce the GST on namkeen snacks from 18% to 12%. The move is expected to positively impact the company’s profitability, as the reduced tax burden enhances competitiveness and boosts margins in the snacks market.
The stock gained ₹17.05 by 9:17 AM, reflecting investor optimism about the potential growth and cost savings for Gopal Snacks as a result of the tax revision.
