FM Stimulus View: Mr. Shachindra Nath, Executive Chairman at Ugro Capital

The first tranche of the package to make India self-reliant has rightly focussed on the MSME and NBFC sectors, as both are interlinked and will play a pivotal role in driving the economy forward. The liquidity infusion into both the sectors will revive economic activities. Measures like collateral-free automatic loans, subordinate debt and loans for growth-potential MSME will improve liquidity scenario.

Moreover, the liquidity push for NBFCs and partial credit guarantee scheme will further facilitate liquidity infusion to the under-served MSMEs. Revising the definition of MSME will also enhance access to working capital. The government needs to ensure that liquidity transmission reaches out to all MSME segments.

Shares of Ugro Capital Ltd was last trading in BSE at Rs.111.2 as compared to the previous close of Rs. 114.05. The total number of shares traded during the day was 976 in over 32 trades.

The stock hit an intraday high of Rs. 119 and intraday low of 108.35. The net turnover during the day was Rs. 106799.

Source : Equity Bulls

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