Comments on monetary policy - JHS Svendgaard Laboratories - Mr Nikhil Nada - MD

We are quite happy with the RBI's decision of 25 bps cut in benchmark repo rate and lowering target of Inflation for this quarter and next year. These will certainly improve the tight liquidity conditions facing by the economy. Moreover, overall improvement in economic growth will further lower interest rates leading to more savings and eventually rise in disposable incomes.

We believe that this will surely boost the sentiments amongst people and thus improve overall consumer demand of goods like toothbrushes, toothpastes and other oral hygiene products.

Shares of JHS SVENDGAARD LABORATORIES LTD. was last trading in BSE at Rs.26.45 as compared to the previous close of Rs. 26.65. The total number of shares traded during the day was 6049 in over 59 trades.

The stock hit an intraday high of Rs. 26.55 and intraday low of 26.15. The net turnover during the day was Rs. 159055.

Source : Equity Bulls

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