DSIJ Mindshare

The broader markets trade mixed with BSE 500 closing at 23966.56 with a loss of 0.33 per cent. The day’s movers were Oil and Gas, Metal stocks and the defensive FMCG stocks while the day’s laggards were led by Auto and PSU stocks. 

The day’s gainers which showed a substantial move are Spandana Sphoorty Financial and DCM Shriram and Hindustan Copper Ltd. 

MAS Financial Services Ltd rallied 20 per cent on the back of a strong set of numbers for the December quarter. The NBFC reported a 13.44 per cent jump in consolidated PAT on a YoY basis at Rs 41.05 crore. The stock made an intraday high of Rs 565.70 and a low of Rs 487.90 to close at Rs 565.70. 

The benchmark indices closed on a positive note with Sensex gaining 695 points or 1.18% to close at 59558. The key highlight of the budget is the steep jump in the capex by the Government of Rs 7.5 lakh crore to address the issues of unemployment and demand revival. 

Following stocks emerged as the day’s gainer and are well-positioned to benefit from Budget 2022.

In an attempt to dissuade transactions in virtual digital assets, any income from the transfer of such assets will be taxed at 30 per cent. Further, no deduction on account of expense incurred nor any set-off of loss is allowed to be reduced from the gain arising from the transfer.  

GST revenue collection numbers for the month of January 2022 were shared by the FM (though not a part of her Budget speech), which stood at Rs 1,40,986 crore, the highest collection since inception, reflecting the rapid economic growth & recovery from the pandemic. GST collection crossed Rs 1.30 lakh crore mark for the 4th time, 15% higher than GST revenues in January 2021 and 25% higher than GST revenues in January 2020.