Reaction on Budget 2014-15 - Mr. Alok Sanghi - Director, Sanghi Industries

Mr. Alok Sanghi - Director, Sanghi Industries

The new government had to focus on two primary issues of growth and fiscal discipline, which I believe, they have been able to address in this Budget. For addressing low growth, the budget has focused on road, ports, housing projects and development of smart cities. To shield common man from high inflation, FM has ensured that disposable income in their hand increases, which will lead to spurt in overall demand and savings in the economy. Overall focus on infrastructure development and measures taken to restart stalled projects would ensure that demand is likely to be revived soon, which is positive news for cement sector as well.

Despite being at the Centre for only around two months, FM has sent positive signal and intentions through this Budget. We believe, the measures taken to control fiscal deficit and boost growth will definitely work helping economy on high growth trajectory.

Shares of SANGHI INDUSTRIES LTD. was last trading in BSE at Rs.27.5 as compared to the previous close of Rs. 26.2. The total number of shares traded during the day was 20720 in over 72 trades.

The stock hit an intraday high of Rs. 27.5 and intraday low of 25.75. The net turnover during the day was Rs. 562601.

Source : Equity Bulls

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