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Policy● Neutral for Patanjali Foods
Here's why Patanjali Foods, AWL Agri and Godrej Agrovet shares will be in focus today
The brief
- Duty cuts take effect September 24 to bring down edible oil prices for consumers
- Patanjali Foods, AWL Agri and Godrej Agrovet shares are in focus
- Lower edible oil prices may affect input costs for Patanjali Foods, AWL Agri and Godrej Agrovet
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| AWL | Thu, 24 Sept | −0.8% | +0.8% | 1.2× | −1.0% · Nifty −1.3% |
| GODREJAGRO | Thu, 24 Sept | +0.9% | +2.5% | 0.8× | −1.8% · Nifty −1.3% |
| PATANJALI | Thu, 24 Sept | −1.1% | +0.5% | 0.6× | −1.3% · Nifty −1.3% |
India’s edible oil import duty cuts
Effective September 24, basic customs duty on crude soybean and palm oils fell from 10% to 5%, while rates on refined oils fell from 32.5% to 27.5%. The cuts aim to ease consumer prices ahead of the festive season, though farmers say they threaten their livelihoods.
Saturday, 26 September
Friday, 25 September
Thursday, 24 September
- Here's why Patanjali Foods, AWL Agri and Godrej Agrovet shares will be in focus today