Reaction on Budget 2016 - Ullas Kamath, Joint MD, Jyothy Laboratories

"The Finance Minister has presented a very realistic budget with focus on critical areas such as development of infrastructure, skill development, job creation and tax simplification. Pro rural and farmer initiatives in areas such as agriculture, LPG cooking gas, public transport and electricity for all by 2018 were largely the need of the hour. Measures such as no change in service tax, reduced corporate tax for new companies and ease of doing business for new age start ups are definitely encouraging are sure to spur consumption led growth in the country. Even though the budget did not present any out of the box reforms we believe it is a well rounded and a forward looking budget".

Shares of JYOTHY LABORATORIES LTD. was last trading in BSE at Rs.279.85 as compared to the previous close of Rs. 263.5. The total number of shares traded during the day was 9010 in over 381 trades.

The stock hit an intraday high of Rs. 280.9 and intraday low of 262.15. The net turnover during the day was Rs. 2476319.

Source : Equity Bulls

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