Views on Union Budget 2014-15 - Mr. Umesh Revankar, MD, Shriram Transport Finance

Mr. Umesh Revankar, MD, Shriram Transport Finance Company

"The Union Budget has come on expected lines and emphasizes the thrust on the revival of the growth in infrastructure and manufacturing sectors. What is glad to see the government is coming forward to resolve the mining issues, including the iron ore and coal mining bottlenecks. This we see as a positive for the broader economy. With the mining activity expected to pick up, we also expect a demand trigger for the Commercial Vehicles, which has been seeing negative growth till now.
Micro, small and medium enterprises (MSMEs) are the backbone of the economy as a major contributor to the GDP. The Finance minister has rightly focussed on the MSME sector and provided much needed impetus to it by providing various friendly framework with focus on reviving the sector. The government first budget seeks to draw a road map to address various issues which will not only stimulate the economy, but also will be the foundation stone for setting it on the high growth path in the coming years."

Shares of SHRIRAM TRANSPORT FINANCE CO.LTD. was last trading in BSE at Rs.904.9 as compared to the previous close of Rs. 896.8. The total number of shares traded during the day was 15742 in over 1665 trades.

The stock hit an intraday high of Rs. 942.95 and intraday low of 885. The net turnover during the day was Rs. 14386934.

Source : Equity Bulls

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