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Prime Minister's Economic Package - Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Posted On: 2020-05-12 20:48:34


"Compensating for the delay in announcing an economic package the PM has announced a Big Bazooka of Rs 20 lakh crores which is 10 % of the GDP. This is impressive considering the fact that the average EM average relief, so far, is only 2.5% of GDP. The uniqueness of the package is that it has a grand vision beyond relief & stimulus. The package built on reforms relating to land, labour, liquidity and laws indicate that it aims to convert the present crisis into an opportunity to build a self reliant India. The package and the highly confident and stimulating articulation will be a major morale boost for the markets."

Shares of Geojit Financial Services Ltd was last trading in BSE at Rs.19.9 as compared to the previous close of Rs. 19.8. The total number of shares traded during the day was 3227 in over 33 trades.

The stock hit an intraday high of Rs. 20.1 and intraday low of 19.55. The net turnover during the day was Rs. 64239.


Source: Equity Bulls

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