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Tuesday, 6 June 2017


A majority of the cement stocks slipped in Tuesday’s trading session. Burnpur Cement declined the most among other cement stocks. It was down by 4.4% at Rs 10.15 per share.

Other stocks in the index such as Everest Industries was down by 3.3% at Rs 298.90 per share, Barak Valley Cements was down by 3.6% at Rs 34.25 per share, Bigbloc Construction was down by 3.4% at Rs 88 per share, Shiva Cement was down by 3.1% at Rs 20.30 per share.

Heavyweight cement stocks such as Ambuja Cements was down 1.9% at Rs 235.45 per share, JK Cement was down 2% at Rs 1068 per share and ACC was also trading down by 2.4% at Rs 1603 per share.

Visaka Industries, Orient Paper & Industries and Shree Digvijay Cement are some stocks that were trading in green on the BSE.

The government has fixed the Goods and Services Tax (GST) for cement at 28% which is slightly higher from the previous tax. However, experts believe that the revision in tax rates brought an additional benefit, as the GST on coal and metal ore has been reduced to 5%, reported a national news portal.

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