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Market move▲ Bullish for Indian equities
Cement prices rise Rs 7/bag in September; further Rs 5-20 hikes expected in October: Report
The brief
- Cement prices rose Rs 7 per bag in September
- Companies are considering Rs 5-20 per bag hikes in October, dependent on demand recovery
- Successful price increases could support margins at Indian cement companies
- Buzzing Stocks: ESDS Software slips 5% despite 14% profit jump; JSW Cement falls on ₹230 crore GST notice
- JSW Cement receives ₹230 crore GST demand notice over alleged incorrect classification