Views on budget by Garware Wall Ropes Ltd.

Mr Vayu Garware - CMD - Garware Wall Ropes Ltd.

"The budget has a progressive tone. The impetus on boosting manufacturing, infrastructure, inland fisheries and agriculture sectors bode well as this would aid in boosting the economy as a whole. The increase in personal tax exemption and housing loan rebate will improve the overall purchasing power. The industry was expecting some support in direct tax for exports which we hope will be taken care of in the Foreign Trade Policy".

Shares of GARWARE-WALL ROPES LTD. was last trading in BSE at Rs.100.1 as compared to the previous close of Rs. 102.5. The total number of shares traded during the day was 11854 in over 374 trades.

The stock hit an intraday high of Rs. 105 and intraday low of 98. The net turnover during the day was Rs. 1190534.

Source : Equity Bulls

Keywords