Grasim, UltraTech: Cement stocks eye up to 10% upside on GST review

The overall sentiment towards the cement stocks has remained lacklustre amid a gradual decline in their share prices, and a reduction in GST could help to lift this sentiment.

Cement shares to stay in spotlight in the coming sessions, post the Finance Minister aimed at weighing reduction of GST (Good and Service Tax) on cement. Any decrease in GST would positively impact the profitability, boosting the overall sector. 

At an event of Confederation of Indian Industry (CII) in New Delhi on Tuesday, the Finance Minister said to examine the current GST of 28 per cent and if required the review will be conveyed to the GST committee. 

Meanwhile,with the exception of UltraTech Cement and Ramco Cements, the share price performance of other cement stocks like Grasim Industries, India Cement,