Prataap Snacks, Gopal Snacks, and Bikaji Foods saw their shares rise significantly following the reduction in GST rates on namkeen from 18% to 12%.
Finance Minister Nirmala Sitharaman announced this change at the 54th GST Council meeting. Prataap Snacks, known for Yellow Diamond chips, saw its stock up by 3.4% to ₹842 on the NSE, while Gopal Snacks and Bikaji Foods saw gains of 5.3% and 3.7%, respectively. This tax cut also applies to similar savory products, providing a boost to snack makers.