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Check out the companies from the F&O corner that are making headlines today.
⭐GST Council to review cement tax rate
JK Cement: ₹2,832 ▲75 (+2.7%)
Shares of JK Cement and select cement companies closed higher on Friday, while the OI of its February futures contract fell 9.5%, indicating a short-covering. This comes after the Finance Minister on Friday said that the change in the GST rate of the cement will be decided by the GST Council. The FM added that the prices will not have an impact on the real-estate inventory.
⭐Indigo promoter sells stake
₹1,877 ▼20 (-1.0%)
Shares of InterGlobe Aviation fell 0.7% on Friday, while the OI of its February futures contract rose 0.5%, indicating a short build-up. This comes after reports suggested that promoter Shobha Gangwal sold a 3.7% stake via block deals for ₹2,944 crore.
⭐Divestment ditched, NALCO glitched!
₹80 ▼0.3 (-0.5%)
National Aluminium Company shares ended marginally lower on Friday, while the OI of its February futures contract fell 4.1%, indicating a minor short build-up. This move comes after reports suggested that the DIPAM Secretary, Shri Tuhin Kanta Pandey, stated that the company is not on the divestment agenda.
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