GST Cut Boosts UltraTech, Ambuja, ACC Cement Stocks

  Published 8 months ago

Nomura predicts GST cut benefits UltraTech, Ambuja, and ACC, boosting premium cement demand nationwide across India.

  • GST reduction from 28% to 18% makes premium cement more affordable for Indian consumers today.
  • UltraTech leads market cap, gains 0.5%; ACC flat, Ambuja down 0.7% amid tariff concerns today.
  • Shree Cement is noted as another beneficiary, rising 1% on expectations of higher pricing trends now.

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