Titan Shares Soar as Government Fixes GST Rate
Shital Jibhe / 06 Jun 2017
Gems and Jewellery stock Titan Company soared over 14% on NSE, at Rs 538.75 per share. The stock on Bombay stock exchange also witnessed gains and traded at over 13% at Rs 537.00 per share on 1046 IST in Monday’s trade.
Gems and Jewellery stock Titan Company soared over 14% on NSE, at Rs 538.75 per share. The stock on Bombay stock exchange also witnessed gains and traded at over 13% at Rs 537.00 per share on 1046 IST in Monday’s trade.
The stock witnessed an addition of 65.59% in its open interest in Monday's trade and was the top open interest
The stock has attracted a traded value of 46,306.49 lakh and a traded volume of 88,29,871 shares as of 10:46 IST. The GST tax rate on gold, silver and processed diamonds has been fixed at 3 percent at the 15th GST council meet held recently.
The implied GST tax rate will make the metals costlier as the tax rate on gold, under GST, has been increased to 3% from the current prevailing rate of 2%.
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