Gopal Snacks Shares Fall 8% Amid Major Fire at Manufacturing Unit in Rajkot

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Shares of Gopal Snacks, a leading Indian snack manufacturer, plunged by 8% on the stock market today after a major fire broke out at its manufacturing facility in Rajkot, Gujarat. The blaze, which reportedly started in the early hours of the morning, caused significant damage to the production unit.



Emergency services rushed to the site, and the fire has since been brought under control, but the extent of the damage is still being assessed. The company has assured its investors that it is investigating the cause of the fire and taking necessary steps to prevent such incidents in the future.

This incident has raised concerns over the company's production capabilities, as the Rajkot facility is one of its key manufacturing plants. The news triggered a sell-off in Gopal Snacks' stock, with investors wary of potential delays in production and supply chain disruptions.

Despite the setback, the company has emphasized its commitment to recovery and continuity in operations, and analysts are closely monitoring the situation to gauge the longer-term impact on the company's financial performance.

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