Consumer, Paint Stocks Surge After Government Cuts GST Rate

Gold Silver Reports (GSR) – Asian Paints, Berger Paints, Relaxo Footwears, Bata India, Havells India and Procter & Gamble shares all climb to record high closing levels after the government cut goods and services tax rate.      

GST panel on Saturday reduced goods and services tax on more than 50 products.        

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Bata India Jumps On Reporting Strong Q4 Earnings

Gold Silver Reports (GSR) – Bata India Jumps On Reporting Strong Q4 Earnings – Shares of the Gurugram-based shoe maker rose as much as 4.3 percent, the most in over a month, to Rs 782.20 after its profit and revenue surpassed Bloomberg consensus estimates in March quarter.                   

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