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Sin stocks" on the NSE typically refer to companies involved in industries considered ethically or morally controversial, such as alcohol, tobacco, and gambling. These industries have recently been impacted by the potential implementation of a 40% GST rate on "sin" and luxury goods. 

Companies identified as sin stocks on the NSE include: 

ITC: A diversified conglomerate with a strong presence in cigarettes.

Godfrey Phillips: A prominent tobacco company with brands like Four Square.

VST Industries: A focused cigarette manufacturer.

Nazara Technologies: A leading mobile gaming and interactive entertainment firm.

Delta Corp: India's largest gaming and hospitality company, operating casinos.

United Spirits: A major player in the alcohol sector.

G M Breweries

Kothari Prod

NTC Industries 

Impact of GST Reform

The proposed 40% GST rate on "sin" and luxury goods, including online gaming and tobacco, could lead to potential shifts in volumes and valuations for these stocks.

Higher tax rates may increase product prices, potentially softening consumer demand and affecting earnings visibility.

This reform could reshape competition within the industry due to increased compliance burdens, product mix adjustments, and consolidation risks.