Cipla, DRL, Dabur, TVS Motor trade flat on proposal to refund CGST

Stocks of companies invested in excise-free zones in Himachal Pradesh, Uttarakhand and the North-East were trading flat following news report that a proposal to refund the central goods and services tax (GST) to those firms has been presented to the Cabinet. 

Many auto, FMCG and pharma companies will benefit if the proposal gets approval from the government. 

At 10:30 am, Cipla, Dr Reddy's, Dabur, TVS Motor and Wockhardt etc were trading flat. 

Big pharmaceutical companies such as Cipla, Dabur, Dr Reddy’s, Johnson & Johnson and Wockhardt have plants in excise-free zones in Himachal Pradesh, while TVS Motor, Lloyd Electric, TAFE