Budget 2025: These stocks have seen the biggest surge after Income Tax relief

SUMMARYBudget 2025: From Radico Khaitan to hypermarket chain D-Mart, shares of consumption-oriented names have seen the biggest surge after the income tax relief under the new regime.1 / 7Finance Minister Nirmala Sitharaman announced in her Budget Speech on Saturday, February 1, that there will be no income tax imposed on citizens earning income of up to ₹12 lakh. The news has triggered a sharp rally in consumption-oriented names, particularly in FMCG stocks. Here is a look at some of these names:2 / 7Shares of Radico Khaitan are trading with gains of as much as 9.5% after the Budget announcements. The stock is the top gainer on the Nifty FMCG index.3 / 7Shares of Avenue Supermarts, parent company of the hypermarket chain D-Mart, are trading with gains of over 10%, extending their gains for the fifth straight session.4 / 7Shares of Varun Beverages, one of PepsiCo’s largest bottling partner, are trading with gains of over 6% after the Budget Speech. The stock has also snapped a two-day losing streak.5 / 7Shares of Trent are trading with gains of 7.5% and are the top gainers on the Nifty 50 index. The stock has corrected over 35% from its peak and was the worst performing Nifty stock in January.6 / 7Shares of Sapphire Foods, the Quick Service Chain operator is trading with gains of close to 10% and has now gained in three out of the last four trading sessions.7 / 7Zomato & Swiggy | Shares of food delivery aggregators Zomato and Swiggy have seen gains of over 6% each in their share price post the budget announcements. Not only do they act as consumption plays, but are also reacting to the new social security initiatives announced for gig workers in the budget.Continue Reading

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