Zero GST Lifts Indian Irrigation Stocks

  Published 11 months ago

Jain Irrigation and Mahindra EPC stocks surge as zero‑GST hopes boost agri‑equipment optimism in markets.

  • Shares rose 3.5% and 20% after reports of GST removal on sprinklers and irrigation tools.
  • Government aims biggest tax overhaul in eight years, shifting to a simplified two‑slab GST structure soon.
  • GST Council likely decides reforms in September, October; year‑to‑date JAIR down 25%, MHID up 35% according to reports.

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