Views on Budget 2014-15 - Mr. Bhupendra Vyas - Chief Operating Officer, Asian Granito India Ltd

Mr. Bhupendra Vyas - Chief Operating Officer, Asian Granito India Ltd

"Overall it is a good attempt by FM to balance the growth by focusing on priorities including rural development, healthcare, education, power and housing sectors, women safety. Increasing limits of personal tax exemption and 80 C by Rs. 50,000 each will give much needed relief and also boost confidence of individual tax payers and small investors.

Allocation to housing and construction sector, developing 100 smart cities and focus on creating rural infrastructure are positive indicators for the Indian ceramic industry and will help boost the demand for the industry.

FM's proposal of investment allowance of 15 percent for 3 years to a company that invests more than Rs. 25 crore in any year in new plant and machinery will encourage new investment and help generate new employment opportunities."

Shares of ASIAN GRANITO INDIA LTD. was last trading in BSE at Rs.71 as compared to the previous close of Rs. 68.1. The total number of shares traded during the day was 11014 in over 122 trades.

The stock hit an intraday high of Rs. 71.4 and intraday low of 67. The net turnover during the day was Rs. 774053.

Source : Equity Bulls

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