Cement Stocks March Ahead

Cement stocks during early Monday’s trade witnessed a surge in share prices as the demand for the cement sector is likely to pick up on account of benefits from GST and increased government spending on public infrastructure.

The cement industry will also benefit as cement prices may dip to 30% because of elimination of blockage time at state check posts post the GST implementation. 

Meanwhile on Monday’s trade, Ambuja Cements was up 1.0% at Rs 264.65 per share, ACC was up by 1.0% at Rs 1,770.00 per share, Ultratech Cement was up 0.4% at Rs 4,235.50 per share, Birla Corporation was up by 1.2% at Rs 938.00 per share, Burnpur Cements was up 0.5% at Rs 9.00 per share and Saurashtra Cement was up 0.1% at Rs 72.60 per share.

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