DOMS Industries, Navneet Education shares in focus on the back of this exclusive GST newsbreak
Published on 29/08/2025 05:31 AM
DOMS Industries, Navneet Education shares in focus on the back of this exclusive GST newsbreakAmong the potential proposals that could be put forth during the upcoming GST council meeting, include a revision of GST rates on Erasers, Maps, Atlases, Pencil Sharpeners, Pencils, Crayons, Exercise Books, Mathematical Boxes, Geometry Boxes, and Colour Boxes, according to sources.By Hormaz Fatakia August 29, 2025, 5:31:54 AM IST (Published)2 Min ReadShares of DOMS Industries Ltd. and Navneet Education Ltd. will be in focus on Friday, August 29, on the back of this exclusive GST-related newsbreak from CNBC-TV18.
Sources tell CNBC-TV18 that the Group of Ministers (GoM) on rate rationalisation is likely to table government proposals for a big rate rejig.
Among the potential proposals that could be put forth during the upcoming GST council meeting, include a revision of GST rates on Erasers, Maps, Atlases, Pencil Sharpeners, Pencils, Crayons, Exercise Books, Mathematical Boxes, Geometry Boxes, and Colour Boxes, according to sources.
The sources added that the proposals including cutting GST on erasers from the current 5% to Nil, while the GST on Maps, Atlases, Pencil Sharpeners, Pencils, Crayons could be cut to Nil from the current 12%. The GST on exercise books is likely to be cut to Nil from 12%, while the rate on Mathematical Boxes, Geometry Boxes, Colour Boxes could be trimmed to 5% from the current 12%.
It must be added that all of these are just proposals and the final decision will be taken by the GST Council, when it meets on September 3 and 4, in New Delhi.
DOMS Industries is a manufacturer and marketer of stationery material including pencil and accessories, drawing and colouring books, mathematical drawing instruments, paper stationery, pen and writing instruments, among other products.
Navneet Education is also engaged in the business of educational and children book publishing, scholastic stationery and non-paper stationery products.
Shares of Navneet Education ended little changed on Thursday at ₹151.08. The stock has gained only 3% so far in 2025.
On the other hand, shares of DOMS Industries ended 0.7% lower on Thursday at ₹2,445. The stock is down 10% so far in 2025 and 21% below its 52-week high of ₹3,115. At the current price, the stock is up over 3x from its IPO price of ₹790, having listed in December 2023.
(The GST Newsbreak is from CNBC-TV18's Timsy Jaipuria.)Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsDOMS Industriesgst rate cutshare market today