FMCG stocks soar on GST cuts: Can lower rates on daily essentials sustain rally in Emami, Dabur and Britannia?
Emami, Colgate-Palmolive, and Britannia Industries saw gains up to 4% after the GST Council announced reduced rates on FMCG items, aiming to boost urban consumption. Analysts expect companies like Britannia and Nestle to benefit significantly from these changes.
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