Budget Expectation - Mr. Achal Bakeri - Chairman and Managing Director, Symphony Ltd

Mr. Achal Bakeri - Chairman and Managing Director, Symphony Ltd

"Government has an opportunity to give a strong statement of stable economy, investment friendly policies and tax reforms in the first budget to let the world know that India is now back in business.

We expect new government to take steps in the budget that will pave the way for lowering inflation, increase investment, revival of investment cycle, stabilising rupee, advance technology and innovation. R&D also needs a boost to encourage more patents and products made in India. We expect transparent tax policy, introduction of GST and rationalisation of interest rates for growth of overall economy. In the interim budget, excise duty on sectors such as automobiles, capital goods and consumer electronics was reduced from 12% to 10% which is a welcome step."

Shares of Symphony Limited was last trading in BSE at Rs.1075 as compared to the previous close of Rs. 1092.65. The total number of shares traded during the day was 1559 in over 538 trades.

The stock hit an intraday high of Rs. 1087.7 and intraday low of 1050. The net turnover during the day was Rs. 1668081.

Source : Equity Bulls

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