Interim Budget 2019 Reaction - Tractors - Ms. Anupama Arora, VP & Sector Head - Corporate Ratings, ICRA

Impact: Positive

The government's continued thrust on promoting rural development and farmers welfare in the budget remains a positive for the farm sector. While an enhanced allocation towards various farmer welfare schemes (irrigation, crop insurance etc.) would help in reducing the exposure of agricultural sector to the vagaries of monsoon over a medium term, the announcement of assured income support for small and marginal farmers is likely to aid in timely procurement of key crop inputs (seeds, fertilizers etc.); the supplementary income under the 'Pradhan Mantri Kisan Samman Nidhi' scheme on top of the various farmer friendly schemes implemented by various state governments augurs well for farm sentiments.

Shares of ICRA LTD. was last trading in BSE at Rs.3019.95 as compared to the previous close of Rs. 3019. The total number of shares traded during the day was 511 in over 13 trades.

The stock hit an intraday high of Rs. 3019.95 and intraday low of 2997. The net turnover during the day was Rs. 1531732.

Source : Equity Bulls

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