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Parag Milk, other agriculture and dairy stocks rally up to 7% after GST cuts

Agri and dairy stocks like Parag Milk, Dodla Dairy, and Kaveri Seeds gained up to 7% after the GST Council slashed rates on fertilisers, farm machinery, and dairy products. The cuts, effective September 22, aim to ease costs for farmers and consumers.

Parag Milk

Agriculture companies and dairy firms such as Dodla Dairy and Parag Milk Foods rose up to 7% on Thursday after the Goods and Services Tax (GST) Council announced steep cuts across fertilisers, farm machinery and dairy products in a move aimed at easing costs for farmers and consumers.

Parag Milk Foods shares surged 7.4% to Rs 263.50. Meanwhile, the shares of Dodla Dairy climbed 4.5% to Rs 1,498.85 and Kaveri Seeds shares advanced 2.9% to Rs 1,219.45.

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