Thu, Feb 28, 2013 at 11:28
Education stocks rallied quite sharply after the Finance Minister P Chidambaram hiked allocation for education programme by 17 percent in Budget.
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Live Budget 2013-14: Educomp up 4% on 17% hike in allocation for education
Education stocks rallied quite sharply after the Finance Minister P Chidambaram hiked allocation for education programme by 17 percent in Budget.
Like this story, share it with millions of investors on M3
Live Budget 2013-14: Educomp up 4% on 17% hike in allocation for education
Education stocks rallied quite sharply after the Finance Minister P Chidambaram hiked allocation for education programme by 17 percent in Budget.
Educomp Solutions rose 4 percent to Rs 88.30 while Everonn Education gained 5.78 percent to Rs 68.60.
CORE Education went up 6.8 percent to Rs 64.40 while NIIT rose 4.44 percent to Rs 24.70.
Aptech rallied 5.36 percent to Rs 50.10.
highlights
- No case to revise direct tax rates, slabs: FM
- Super rich tax: 10% surcharge on income above Rs 1 cr: FM
- Increase excise duty on SUV's from 27% to 30%: FM
- No change in standard rate of excise duty, service tax: FM
flashes
- Amendment Of CBDT Circular To Hit Investments Via Treaty Countries
- Amendment Of CBDT Circular Aims To Supersede SC Judgment : HP Ranina
- Budget Reaction: Rajiv Memani says 10% surcharge on super rich seems to be on the higher side
- Budget Reaction: Sunil Munjal says general mood & movement on GST Seems to be good
InterpretationS
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
- Excise duty exempted on ships & vessels: positive for shipping
- Excise duty on marble slabs increased: negative for real estate
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
13:53 pm
Exice Duty on readymade garments exempted +ve for textile sector
EXPECTATIONS
expectation on: Business
Uday Kotak
Executive Vice-Chairman and Managing Director | Kotak Mahindra Bank
expectation on: Policy
Vetri Subramaniam
CIO | Religare Mutual Fund
expectation on: Markets
Raamdeo Agrawal
Joint MD | Motilal Oswal
expectation on: Markets
Atul Suri
NULL | Trader
expectation on: Policy
Pankaj Vaish
Head South Asia Markets | Citi
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