Cement stocks gain on hopes of GST cut; Ultratech, Ambuja, Orient rise up to 4%
Shares of Ambuja, UltraTech, Orient, JK Cement, India Cements, and HeidelbergCement climbed up to 4% amid hopes of a possible reduction in the GST rate on cement.
Shares of Ambuja, UltraTech, Orient, JK Cement, India Cements, and HeidelbergCement climbed up to 4% amid hopes of a possible reduction in the GST rate on cement.
The consolidation in the country's cement sector comes months after the Adani family forayed into the cement industry.