Interim Budget 2019 Reaction - CreditAccess Grameen Limited

Mr. Udaya Kumar - MD and CEO, CreditAccess Grameen Limited

"We welcome the interim budget, in a major relief move for the middle-class taxpayer the Finance Minister Piyush Goyal announced income tax relief for those earning up to Rs. 5 lakh and R.s 6.50 lakh. The slew of measures also address the Rural & Agri sector will ultimately bolster the rural economy. Initiatives like Kisan Scheme will further stabilize farmer's financial condition, increasing access to credit and increase their income subsequently. Steps announced for Rural & Agri sector further support the borrowers with additional money in their hands, is quite positive for Microfinance Industry. All in all it's a holistic approach to a better India."

Shares of CreditAccess Grameen Ltd was last trading in BSE at Rs.403.65 as compared to the previous close of Rs. 395.55. The total number of shares traded during the day was 10018 in over 699 trades.

The stock hit an intraday high of Rs. 407.1 and intraday low of 395.05. The net turnover during the day was Rs. 4033998.

Source : Equity Bulls

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