Prataap Snacks saw its share price jump by 7% in early trading, reaching ₹871.00, following the government’s announcement to reduce the GST on namkeen snacks from 18% to 12%. The tax cut is expected to boost the profitability of companies in the snacks industry, including Prataap Snacks, as it lowers the overall tax burden on their products, making them more competitive in the market.
Investors responded positively to the news, pushing the stock price up by ₹57.35 in morning trading. This GST reduction could pave the way for stronger margins and growth in the snacks sector.
