Nilesh Shah, MD & CEO of Envision Capital, highlights the budget's focus on consumption with tax cuts raising exemption limits. This measure is expected to boost the middle class and lower the fiscal deficit, indirectly enhancing capital expenditure by reducing the cost of capital and fostering investment.
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.
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 Indias shipbuilding sectors competitiveness and capacity. This initiative is set to strengthen maritime infrastructure, drive growth, and position India as a key player in global shipbuilding.
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.
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.
In fact, Bajaj Auto and Maruti are two companies which have done very well on exports and I think they have sort of diversified their domestic exposure. So, after the big correction from 12,000 to 8,000 the stock is pretty well positioned in terms of valuations also.
Samir Arora, Founder of Helios Capital, suggests that the current Budget could be significant since it is the first full one of the government's term. He advises holding small and midcap stocks despite recent market struggles and maintains a bullish outlook on the market, emphasizing that significant corrections are unlikely given current conditions.
Inox Wind shares surged 12% to Rs 188.45 after posting a multifold jump in Q3 net profit to Rs 112 crore. Revenue nearly doubled to Rs 994 crore. The company plans to expand operations, with Nuvama maintaining a 'buy' rating and a target price of Rs 223.
Vishal Mega Mart's shares rose by 2.6% after reporting a 28% YoY increase in net profit to Rs 262.7 crore in Q3 FY25. The company's revenue from operations also grew by 19.5% to Rs 3,136 crore. Vishal Mega Mart operates 668 stores across 432 cities with a loyal consumer base of approximately 141 million.
