WHY ITC is going up!

ONGC is obviously been caught paying for the oil deficit of this government, but ITC is up sas it is increasingly identified with the increase in consumption and retail than the continuing cash cow profits from tobacco where tax ha s been increased.

Equities up overall because the budget did not screw around much and may tank later when they realise what bond markets are saying in terms of Fiscal non management

Esp right now equities want to celebrate the lower STT and direct intervention thru exemptions ontretail investment in equities


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s