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One of the major highlights is the personal income tax relief, which is a bold move, with the government forgoing nearly 1 lakh crore in revenue. This is expected to boost consumption, as taxpayers will have additional spending power, creating a multiplier effect on the economy.
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L&T shares rose 3% after securing a major Rs 5,000-10,000 crore steel project in MENA. The stock rebounded after budget-related weakness. Analysts highlight slowing capex growth but strong order inflows support optimism.
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Shares of NLC India rose 12.2% to Rs 237.05 after posting a record Q3 PAT of Rs 2,245 crore, marking a 28% YoY growth. The company also declared an interim dividend of Rs 1.50 per share, with February 7 as the record date for eligibility and payments to be made by March 4.
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