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HomeGST NEWSTwo-wheeler stocks rally post FM's statement on a possible GST cut

Two-wheeler stocks rally post FM’s statement on a possible GST cut

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The investors are cheered up after FM’s statement on considering the issue of reducing GST on two-wheelers. Shares of Hero MotoCorp, the country’s largest two-wheeler maker, gained as much as 6.43% to close at Rs 3,161.95 per share on the BSE. The stock of Bajaj Auto, TVS Motor Company and Eicher Motors also gained between 1.47% and 4.88%. it was stated by FM that two wheelers are neither luxury item nor sin goods thus, reduction of GST would be taken up in GST Council

https://economictimes.indiatimes.com/markets/stocks/news/two-wheeler-stocks-rally-post-fms-statement-on-a-possible-gst-cut/articleshow/77769845.cms?from=mdr

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