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

Impact: Positive

In line with Government's mission of doubling farm income by 2022, the introduction of PM-KISAN for direct income support for small and marginal farmers is a key positive as this brings income certainty especially when the crop realisations remain subdued. This income support scheme coupled with initiatives towards higher allocation for crop insurance, rural infrastructure, MGNREGA, higher interest subventions besides various State specific schemes announced in recent past augur well for farm sentiments. Moreover, the tax exemption to small tax payers as well as increased standard deduction results in higher disposable income available supports demand for two wheelers.

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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