Comments on monetary policy - Mr. Sanjay D. Palve, CEO, Religare Finvest Ltd. And MD, Religare Housing Development Finance Corporation Ltd.

The repo rate cut of 25 bps basis downward trend in inflation targets for this quarter and next few quarters are certainly the much needed moves by RBI. These steps will improve liquidity in the economy and thus help in improving consumption by making cheap finance available to end consumer. This will also boost investments in service as well as core sectors in economy. Regarding the ease in norms for maintaining risk weights on bank lending to NBFCs, this is again a welcome move by RBI. The reduction in risk weight will free up the equity capital that allow banks to lend more to stronger NBFCs. Thus, this will help banks to improve their balance sheet and capital ratios as well as NBFC which are better managed can have access to liquidity now.

Shares of RELIGARE ENTERPRISES LTD. was last trading in BSE at Rs.19 as compared to the previous close of Rs. 18.6. The total number of shares traded during the day was 14934 in over 78 trades.

The stock hit an intraday high of Rs. 19.7 and intraday low of 18.55. The net turnover during the day was Rs. 283986.

Source : Equity Bulls

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