Premium cement brands are important beneficiaries of GST Cut; Price increases probably in H2: Nomura Analyst

The cement industry expects a large lighting because the goods and service tax (GST) on cement will probably be reduced from 28% to 18%, according to Jasandep Chadha, stock research analyst at Nomura. Chadha now said that there is “fair certainty” about the tax reduction after the upcoming GST Council meeting. “This will be structurally […]