The shares of packaged snack companies jumped after the Goods and Services Tax (GST) Council slashed GST on extruded and savoury items. In its 54th GST Council meeting held on September 9, Union Finance Minister Nirmala Sitharaman announced the GST rate cut for namkeens from 18 per cent to 12 per cent.
Gopal Snacks is currently trading at Rs. 355.50, up by 29.20 points or 8.95% from its previous closing of Rs. 326.30 on the BSE.
Prataap Snacks is currently trading at Rs. 839.80, up by 28.10 points or 3.46% from its previous closing of Rs. 811.70 on the BSE.
Bikaji Foods International is currently trading at Rs. 856.15, up by 21.20 points or 2.54% from its previous closing of Rs. 834.95 on the BSE.
