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The decision was taken at a meeting held on Thursday and the announcement was made after market hours.

Logically, it makes sense, but the reality is that government is unlikely to do that change anytime soon. A lot of revenues earned from cement GST. Also, there is a feeling that the cement industry may not really pass on the benefit of lower GST to the consumer, so that is also one of the another challenges. So, while logically, it makes sense, meaning I am not really expecting it to happen anytime soon at least not in the next 12 months.

ETMarkets analysis reveals shifts in mutual fund investments, with over 10 schemes trimming holdings in seven stocks during May 2024. Notably, three stocks surged by 40-50% in 2024, one witnessed a 22% decline, while two stagnated. Investors are advised to review holdings for potential adjustments.

A total of 1,200,497 shares changed hands on the counter till 01:59PM (IST)

The US Federal Reserve maintained rates at 5.25-5.50% in its June monetary policy, with Chair Jerome Powell expressing caution about the inflation outlook and the need for data revision. Experts weigh in on the decision.

​Continuum Green Energy is set to proceed with its $660 million secured green bond offering, initially paused due to political uncertainties after Prime Minister Narendra Modi’s third-term win with fewer seats than expected.

​The banks which have struggled to the asset quality cycle over there the earnings expectations are low, the valuations are depressed and to that extent from a stock market perspective the earnings upgrades as well as valuation re-rating can be quite meaningful and we have seen a lot of stocks double and triple over the last two-three years.

United Cotfab IPO: The category reserved for retail investors was booked over 2 times, followed by other investors at just 30%. About 50% of the offer is reserved for retail investors and the rest 50% for other investors.

The Relative Strength Index of the stock stood at 53.63 on Thursday.