Shares of Bata India Ltd., Relaxo Footwears Ltd. and Campus Activewear Ltd. rose on Saturday after Finance Minister Nirmala Sitharaman announced a focused scheme for footwear and leather sectors in the Union Budget 2025–2026.
The finance minister announced a focused product scheme that would be launched for the sectors to create employment for 22 lakh people, and to generate significant exports.
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Share price of footwear manufacturer Mirza International Ltd. surged the most, rising by as much as 15.8% and hitting a high of Rs 36.95. It pared gains and traded 13% higher as of 11:29 a.m.
This was followed by Campus Activewear, which rose over 6%, Relaxo Footwear recorded an intraday gain of 9% and Bata India rose nearly 3%.
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