DSIJ Mindshare

The Union Budget presented last week is considered a populist budget by the street has welfare schemes announced by the government means additional spending. One major concern is that 13 per cent higher spending figure in addition with rural focus may increase fiscal deficit. 

Navneet Education reported a PAT of Rs. 7.54 crore with an EPS of Rs. 0.32 per share on a standalone basis for the quarter ended December 2018 as against Rs. 11.87 crore with an EPS of Rs.0.51 per share in the corresponding quarter last year.

Following stocks are close to their 52-week low as at 12.59 p.m. on February 5, 2019.

The markets on February 5, 2019 opened gap up. BSE Sensex is trading at 36,649.15, up by 66.41 points and the Nifty is trading at 10,936.55, up by 24.30 points. 

The stock of Jubilant FoodWorks tanks 4 per cent as the national anti-profiteering agency asked the company to deposit a sum of Rs 41.42 crore earned illegally by withholding GST rate cuts to consumers.