Navneet Education Share Price Gains as GST Rate Talks on Stationery Heat Up | Stock Market Today

Market Performance

The stock market opened Friday with a spotlight on stationery companies. Navneet Education’s share price climbed 2% to ₹156 in morning trade (August 29, 2025) after reports suggested the government may overhaul GST rates on stationery products.

In contrast, DOMS Industries faced selling pressure, with the stock slipping nearly 1% in the same session.

At 9:50 am, the numbers looked like this:

• Navneet Education: ₹154, up 1.2%
• DOMS Industries: ₹2,427, down over 1%

While Navneet Education shares are up 3% year-to-date (YTD), DOMS Industries has seen a tougher run, down nearly 11% in 2025.

Main News – GST Rate Rejig in Focus

The buzz in the market comes from a CNBC TV-18 report, which revealed that a panel of ministers on rate rationalisation is preparing a proposal for the upcoming GST Council meeting (September 3–4, New Delhi).

If accepted, the changes could reshape the stationery sector:

• Erasers and exercise books – GST cut to zero
• Pencils, crayons, sharpeners, maps, atlases – GST slashed from 12% to nil
• Mathematical boxes, geometry sets, colour boxes – GST reduced to 5%

Such a shift in taxation could directly benefit key stationery and education supply companies.

Company Details – Who Stands to Gain

Navneet Education:

• A leading publisher and supplier of educational books and stationery
• Stock reacted positively, rising 2% in morning trade
• Seen as one of the direct beneficiaries if GST cuts materialize

DOMS Industries:

• Known for pencils, drawing books, mathematical sets, colouring items
• Despite being in the spotlight, the stock slipped 1% as traders booked profits
• Down 11% YTD, compared to Navneet’s modest gains

Summary – Stock Market Sentiment Today

The chatter around GST rate cuts on stationery has turned investor attention to education-related companies. While Navneet Education’s share price showed early momentum, DOMS Industries faced pressure despite being a potential long-term gainer.

The final call now rests with the GST Council meeting in September, which could decide the future tax structure for the entire stationery segment. Until then, the market remains sensitive to every update on this front.