Wonderla Holidays nears record high on GST rate cut

The stock surged 9% to Rs 424 on BSE in early morning deal was trading close to its record high of Rs 430 touched on December 23, 2015.

Wonderla Holidays has surged 9% to Rs 424 on BSE in early morning trade after the Goods and Services Tax (GST) Council on Thursday cut rates on 83 employment-oriented goods and services. The stock is trading close to its record high of Rs 430 touched on December 23, 2015.

Admission to theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet will now be taxed at 18% instead of 28%, the Business Standard reported. CLICK HERE TO READ REPORT

Wonderla Holidays operates three largest amusement parks in Kochi, Bangalore and Hyderabad; and the Wonderla resort in