Mar 04, 2013, 02.10 PM IST
Venkys (India) rose more than 2.5 percent on Monday after the company decided to undertake expansion-cum-modernisation programme at an estimated cost of Rs 125 crore.
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Venkys gains 2.5% on expansion-cum-modernisation programme
Venkys (India) rose more than 2.5 percent on Monday after the company decided to undertake expansion-cum-modernisation programme at an estimated cost of Rs 125 crore.
Like this story, share it with millions of investors on M3
Venkys gains 2.5% on expansion-cum-modernisation programme
Venkys (India) rose more than 2.5 percent on Monday after the company decided to undertake expansion-cum-modernisation programme at an estimated cost of Rs 125 crore.
"The expansion-cum-modernisation programme will be funded by long term loans and internal accruals," Venkys said.
The company plans to augment the capacities in poultry and poultry products segment; to expand the capacity of oilseed segment by setting up a new plant; and to set up Venky's XPRS outlets.
At 13:03 hours IST, shares went up 2.53 percent to Rs 487.75 amid large volumes on Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 458.07 crore.
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
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
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Business
NK Jain
Vice-chairman | JSW Energy
reaction on: Markets
Mukesh Kumar
Head - Strategic Planning | HDFC ERGO General Insurance
reaction on: SME
Snehdeep Aggarwal
Founder & Chairman | Bhartiya International
reaction on: Policy
Sanjay Sanghvi
Partner | Khaitan & Co
reaction on: Business
Govind Shrikhande
MD | Shoppers Stop
What got Cheaper / costlier?
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