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RVNL, Ircon, other rail stocks crash up to 9%. Here's what went wrong in Budget
Budget documents reveal that railway capex remains unchanged at Rs 2.5 lakh crore. State-run RVNL, expected to benefit from a capex hike, was the biggest loser, dropping 9%. Ircon shares fell 8%, while Texmaco, IRFC, Titagarh Rail, and Jupiter Wagons declined between 5-7%, reflecting investor disappointment over the stagnant infrastructure allocation.
Budget 2025: Real estate stocks rally up to 9% after rent TDS threshold raised to Rs 6 lakh
The Union Budget 2025 has raised the TDS threshold on rent beyond Rs 2.4 lakh, reducing the tax burden for landlords and tenants while simplifying rental transactions. This change is expected to benefit the real estate sector. Following the announcement, Prestige Estates surged 9.3% to Rs 1,489.95, while Sobha rose 4.6% to Rs 1,385 on the BSE.
Pharma stocks in focus after medicine tariff changes in Union Budget 2025
Finance Minister Sitharaman announced the inclusion of six life-saving drugs in the concessional 5% duty slab to enhance access to critical medicines. Additionally, certain bulk drugs now qualify for a full exemption or concessional duty. This move benefits cancer patients by reducing treatment costs, easing their financial burden, and making essential medications more affordable and accessible.
WeWork India and WeWork Inc to divest around 25% stake through IPO
WeWork India filed its DRHP for an IPO to raise funds, offering 25% of its stake. The firm posted strong financials, with FY2024 revenue growth of 26%. It operates 100,000 desks in eight cities, with a 75% occupancy rate. WeWork India’s portfolio includes global brands like Amazon and JP Morgan.
Budget 2025: Heavyweight consumer stocks ITC, HUL surge over 5% after FM announces tax bonanza
The Finance Minister announced an increase in the NIL tax slab to Rs 12 lakh, aiming to boost disposable incomes and revive consumption, which has remained subdued for two quarters. The first half of the year saw challenges like reduced government spending, credit tightening, urban consumption slowdown, extended monsoon, and inflation, all impacting corporate earnings and economic growth.
Budget 2025 stocks: Shipping Corporation, Mazagon Dock jump up to 6% after FM announces sector revamp
The government unveiled a major overhaul of its financial assistance policy, launching a Rs 25,000 crore Maritime Development Fund. It will contribute 49% to the fund, aiming to boost India’s shipbuilding sector’s competitiveness and capacity. This initiative is set to strengthen maritime infrastructure, drive growth, and position India as a key player in global shipbuilding.
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Budget 2025: Insurance stocks SBI Life, HDFC Life and others gain over 3% on increase in FDI limit
Finance Minister Nirmala Sitharaman announced raising the FDI limit in the insurance sector from 74% to 100%, boosting shares of major insurers like HDFC Life and SBI Life. The move aims to attract more foreign investments, support the rupee, and enhance insurance penetration in India. Experts believe it will foster innovation and improve risk management in the sector.
NIIT, other education stocks rally up to 5% as FM announces medical education expansion in Budget 2025
The government plans to add 10,000 medical seats this year, with a goal of increasing the total by 75,000 over five years. Over the past decade, medical education has expanded significantly, with UG and PG seats rising by 130% to 1.1 lakh. This initiative aims to strengthen healthcare infrastructure and meet the growing demand for medical professionals nationwide.
Aquaculture stocks jump up to 12% as FM Sitharaman announces fisheries sector boost in Budget 2025
Aquaculture sector stocks experienced significant gains, with Mukka Proteins rising 12.5%, after Finance Minister Nirmala Sitharaman announced plans for sustainable fisheries harnessing in India's exclusive economic zones. The focus areas include Andaman & Nicobar and Lakshadweep Islands. Other companies such as Avanti Feeds and Apex Frozen Foods also saw notable increases.
Budget 2025: Green energy stocks soar up to 15% after FM announces plans for clean tech manufacturing
Finance Minister Sitharaman announced a new manufacturing mission under Make in India to boost solar PV cells, electrolysers, and grid-scale battery production, driving India’s clean energy shift. Following the announcement, Waaree Energies surged 15%, Suzlon rallied 11%, while Adani Green, Inox Wind, Acme Solar, KPI Green, and Gensol Engineering gained up to 10%.
Relaxo, Bata India, other footwear stocks rally up to 16% on Budget boost for leather footwear
Campus Activewear surged 6% to an intraday high of Rs 289.30, while Lehar Footwear climbed 7.7% to Rs 279. Relaxo Footwears gained 8.87%, reaching Rs 598.55, and Bata India rose 2.8% to Rs 1,331.35. Mirza International saw the highest jump, soaring 16% to its day's peak of Rs 36.98, reflecting strong market momentum.
Budget 2025 stocks: Kaveri Seed, Mangalam Seeds, others jump up to 11% after FM announcements on pulses, seeds
Agriculture stocks like Kaveri Seed, Mangalam Seed, and Godrej Agrovet surged up to 11% after Finance Minister Nirmala Sitharaman announced measures to enhance pulses and seeds production in her budget speech. She unveiled a 6-year mission for self-reliance in pulses, a procurement initiative, and PM Dhan Dhan Krishi Yojana to benefit 1.7 crore farmers.
Budget 2025: Ambika Cotton, other textile stocks rally up to 9% as FM announces 5-year cotton mission
Textile stocks surged up to 9% during the special Budget session on Saturday after Finance Minister Nirmala Sitharaman unveiled a five-year mission to boost cotton productivity. Ambika Cotton Mills soared 9% to Rs 1,630, while KPR Mills gained nearly 4%. Vardhman Textiles and Arvind also rallied, rising 2% and 4%, respectively, following the announcement.
Suzlon Share Price: Suzlon Energy shares rally over 21% in 4 consecutive sessions after Q3 results. What analysts say
Suzlon Energy Share Price: Suzlon achieved an impressive 90% YoY rise in net profit, reaching Rs 386.92 crore for the quarter ending December 31, 2024. Revenue from operations grew by 91% YoY to Rs 2,968.81 crore, compared to Rs 1,552.91 crore in the same quarter last year. Total income also soared by 91% YoY to Rs 3,002.36 crore, showcasing robust financial growth.
IRFC, RVNL, other rail stocks rally up to 3% ahead of Budget
Railway stocks surged ahead of Budget 2025, with IRFC and RVNL gaining up to 3% on expectations of increased capital expenditure. The government may announce a Rs 45,000 crore Kavach safety package, benefiting key railway infrastructure firms. The Ministry of Railways is likely to receive record allocations, prioritizing freight efficiency and modernization.
Prestige Estates shares rally 9% as Jefferies upgrades stock to buy, raises target price to Rs 1,600
Prestige Estates surged 9.3% to Rs 1,489.95 after Jefferies upgraded it to ‘buy’ with a Rs 1,600 target. The brokerage cited upcoming launches worth Rs 300 billion and strong leasing growth. Despite a weak Q3, Prestige expects pre-sales recovery, boosting long-term prospects.
