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.
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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