Cement prices in Mumbai are expected to decrease by ₹25-30 per bag. This follows a reduction in GST rates on cement from 28% to 18%. Companies are likely to roll back recent price hikes to pass on the tax benefits to consumers. Analysts believe that lower prices may not immediately boost demand due to cement’s inelastic nature.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is