Expect budget measures will boost consumption - Ullas Kamath, Jyothy Labs Ltd

Mr. Ullas Kamath, Joint Managing Director, Jyothy Labs Limited's reaction on Union Budget 2020.

"The Union Budget FY20-21 seems to be a sincere attempt in boosting the much needed demand scenario in both the rural and urban economy. The announcements related to revising individual tax structure, proposed 16-point action plan for agriculture and farmers' welfare coupled with the strategy to doubling farmers' income by 2022 is the step in the right direction. We expect overall impact of the budget will boost consumption and revive consumer sentiments."

Shares of JYOTHY LABORATORIES LTD. was last trading in BSE at Rs.150.8 as compared to the previous close of Rs. 156.35. The total number of shares traded during the day was 2064 in over 100 trades.

The stock hit an intraday high of Rs. 155.4 and intraday low of 150. The net turnover during the day was Rs. 313271.

Source : Equity Bulls

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