Budget 2025: Footwear stocks Relaxo Footwears, Mirza International surge up to 13% after FM announces scheme for sector | Stock Market News
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.
In addition to announcing the scheme for the sector, Sitharaman said steps will be initiated to make India a global toy manufacturing hub.
