Pre-Budget Expecation - Equitas Small Finance Bank

Mr. PN Vasudevan, CEO and MD, Equitas Small Finance Bank

With a second term through a resounding mandate, we expect the Modi Government to focus the budget around reforms that will be critical to drive long term economic growth. Land reforms, micro housing development, rural town development projects and special sops for agri and allied industries are some of the key areas we expect will give new impetus to the budget. We also expect the budget to provide, the much anticipated tax relief through changes in personal income tax for the middle income household to perk up consumption.

Shares of Equitas Holdings Ltd was last trading in BSE at Rs.121.2 as compared to the previous close of Rs. 118.55. The total number of shares traded during the day was 110837 in over 719 trades.

The stock hit an intraday high of Rs. 121.75 and intraday low of 117.9. The net turnover during the day was Rs. 13354581.

Source : Equity Bulls

Keywords