Dalmia Bharat jumps 4.6% on GST cut hopes for cement sector
Shares of Dalmia Bharat Ltd surged 4.63% to ₹2,375.50 in early trade on August 18, tracking broad-based gains in cement counters after Prime Minister Narendra Modi promised 'next generational' GST rationalisation by Diwali.
The cement sector currently attracts 28% GST, one of the highest in the economy. Analysts believe this rate could be cut to 18%, lowering prices for end consumers and boosting demand in housing and infrastructure projects. For Dalmia Bharat, this could translate into higher sales volumes and improved market share across its growing capacity footprint.
The company has been focusing on expanding its production capacity, scaling its presence in eastern and southern India, and improving efficiencies. A reduction in tax incidence would not only strengthen margins but also accelerate demand recovery in both retail and institutional channels.
Other cement majors — UltraTech, Shree Cement, Ambuja Cements, and ACC — also traded higher on similar expectations.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Stock market investments are subject to risks. Please consult your financial advisor before making any investment decisions.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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