Prataap Snacks rises after it categorically denies reports of GST Intelligence action

Prataap Snacks Share Price: Prataap Snacks rose in morning deals on BSE on Thursday (March 7, 2024) after the group categorically denied reports that DG, GST Intelligence, has initiated action against the company.

Prataap Snacks was trading up by 0.85 per cent, or Rs 8.70, at Rs 1030.40 at 10:49 am on Thursday.

On Wednesday, there were reports that the Directorate General of GST Intelligence (DGGI) had initiated action against Prataap Snacks Limited. The company said, "In this regard, we categorically deny and state that the aforesaid information as published and reported in the media is baseless and factually incorrect. The Company is not in receipt of any such notice from DGGI as alleged in the media reports."

Prataap Snacks Share Performance

The stock of the company has not performed well in the last one month as it has slipped by over 20 per cent. However, it has jumped by 10.17 per cent in the six months, and 32.08 per cent in the one year.

Compared to Prataap Snacks, the benchmark Nifty 50, however, has risen by 2.41 per cent in the one month, 13.85 per cent in the six months, and 26.50 per cent in the one year.