Several footwear stocks, including Relaxo Footwears and Mirza International, surged up to 13 per cent in intraday trade on Saturday, February 1, after Finance Minister Nirmala Sitharaman, in her Budget 2025 speech, announced a focussed product scheme for footwear and leather sectors.
“Focus product scheme for footwear and leather sectors is expected to facilitate employment for 22 lakh persons, turnover of ₹4 lakh crore and exports of over ₹1.1 lakh crore,” the FM announced.
More to come…
