M&M Share Price Hits All Time High As GST Reforms Fuel Festive Sales Optimism

M&M share price gained over 2%. The GST Council approved limiting slabs to 5% and 18%, effective from Sept. 22.

The decline comes despite recent domestic policy support, including sweeping GST reforms aimed at boosting consumption.

In what seems like a major public health push, the GST Council has cut GST on medicines, including 33 lifesaving drugs and 3 cancer/rare-disease medicines, to nil, and reduced GST on most other medicines and medical devices.

In a now-deleted post on X, the Congress said that "Bidis and Bihar start with B" and "cannot be considered a sin anymore", referring to the GST cut on the tobacco product.

Both brokerages assess the effect as limited, but their ratings and target prices differ due to the diverse views on the insurer's ability to navigate the changes.

The impact per order is expected to be modest but significant at scale.

Lower GST burden provides a structural tailwind for penetration and unit economics.

For a student of political communication, this week has been fodder. The language used to describe GST reforms has been nothing short of grand. "Landmark". "Biggest ever since the 1990s". The Opposition has been advocating for such 'reforms' for eigh

Brokerages are analyzing the implications of recent GST reforms and other macroeconomic trends on a wide range of companies, like HDFC Life, TVS Motor, RIL, KEI Industries, and InterGlobe Aviation

The industry body welcomed the setting up of GST Appellate Tribunal, which is set to become operational, with appeals opening by September 2025 and hearings commencing by December 2025.

Maruti Suzuki India Chairman RC Bhargava said the automotive industry would be a direct beneficiary of faster economic development.

The GST for non-economy class tickets has been increased to 18% from the current level of 12%.

The task of winding up multiple myriad taxes that used to operate before 2014 and shifting to a cleaner, more efficient system was such that testing out the new system was not possible, PM Modi's economic advisor said today.