An Encouraging Budget - Mr. Ankit Agarwal, Alankit Ltd

Mr. Ankit Agarwal, MD, Alankit Ltd's reaction on Union Budget 2020.

"An encouraging budget, it has reduced the personal income. Tax across levels and added new 15 per cent and 25 per cent slabs; at the same reducing exemptions so one would have to see the benefit that actually comes to the taxpayer. The focus clearly is on increasing compliance and reducing litigation; further a reduced corporate tax to 15% and tax on ESOP deferred by 5 years are good moves made by the government. Once again the FM Touched upon simplified GST Filing and simplified refund prices; which is the need of the hour. SMS filing are good moves".

ALANKIT is the flagship company of Alankit and a leading e-Governance Service Provider in India. Alankit is a conglomerate comprising of 13 Group companies with diversified activities into the e-Governance, Financial Services, Insurance and Health Care verticals. Its customer base of over 21 Million is increasing steadily year after year. Alankit Ltd.'s primary services include GSP (GST Suvidha Provider), TIN Facilitation Centre & PAN Centre, Aadhar Services, Business Correspondent (BC), National Distributor for Entrust Data card Printers, POP- National Pension System (NPS), Authorized Person (AP) for National Insurance - policy Repository (NIR), Point of Service (POS) for National Skills Registry (NSR), Facilitator for Atal Pension Yojna (APY), Manpower Services, etc. It is listed on both the premier exchanges of the country; National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).

Shares of Alankit Ltd was last trading in BSE at Rs.14.6 as compared to the previous close of Rs. 15.36. The total number of shares traded during the day was 20144 in over 507 trades.

The stock hit an intraday high of Rs. 15.9 and intraday low of 14.6. The net turnover during the day was Rs. 301043.

Source : Equity Bulls

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