Wonderla Holidays hit a new high
By
Ruma Dubey
about 7 years ago
Wonderla Holidays hit a new high today at Rs.424.40, surging up almost 9% over previous close. Volumes have shown a sharp jump from a 2-week average of less than 10,000 to 36,000 in the morning trades alone.
The company is a beneficiary of the new tinkering in the GST rates.
The company which runs amusement park has reason to cheer as the GST Council yesterday reduced the tax rate from 28% to 18% on admission to theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet.