Comments on monetary policy - Solar Industries - Mr Nilesh Panpaliya, CFO, Solar Industries India Limited

We believe that Repo Rate cut of 25 bps by RBI is definitely a positive and need of the hour for the growth of the country. RBI Governor's commitment to improve liquidity in the system should encourage private investment. Our large share of revenue is driven by Infrastructure and we believe that the rate cut will surely help in picking up of execution of infra projects and new orders. Moreover, the tight liquidity conditions facing by the economy will improve through rate cut and downward revision in inflation targets.

Shares of SOLAR INDUSTRIES INDIA LTD. was last trading in BSE at Rs.975.5 as compared to the previous close of Rs. 985.05. The total number of shares traded during the day was 1304 in over 138 trades.

The stock hit an intraday high of Rs. 985.05 and intraday low of 975.05. The net turnover during the day was Rs. 1277903.

Source : Equity Bulls

Keywords