Budget 2025: Consumer durables Index rises 2%: Blue star Voltas lead with gain up to 7% on income tax relief trigger | Stock Market News
Budget 2025: Consumer durables Index rises gained more than2% as Blue Star, Voltas, Whirlpool Crompton Consumer, Havells and others lead with gains of more than 7%. The Income tax slab rise boosted investor sentiments
The Nifty consumer Durables index gained more than 2% during the intraday trades on Saturday post Nirmala Sitharaman presented Union Budget.
The Nifty Consumer Durable Index spiked to intraday highs of 38,485.00 , that translated into a rise of more than 2% The Nifty Consumer durables index had opened at 37,017.95 on Saturday ahead of the budget lower that previous close of 37,591.10
The gains were led by Blue Star that saw its share price spike more than 7% in the intraday trades
Voltas was another key gainer with gains of almost 4% While Whirlpool of India share price Ltd skyrocketed more than 5%
Crompton Greaves Consumer Electricals Ltd share price also saw gains of up to 4% while Havells India Ltd was the other leader with similar gains.
Income Tax slab rise lifts outlook
Analysts said that the revision in Income tax slabs will be positive for demand of consumer durables as there will be more money in the hands of people to spend Rise in the Income tax slab is the key reason for gains in Consumer Durable stocks and the Index, said Anshul Jain, Head of Research at Lakshmishree Investment and Securities
According to Avinash Gorakshkar, Head of Research at Profitmart Securities, “The Indian middle class benefited greatly from the union budget’s increase in the income tax cap from ₹7 lakh to ₹12 lakh under the new income tax system, although they were still eligible for the ₹75,000 standard deduction. The middle class will have more money after this Union Budget 2025 proposal on direct taxes, which is why their spending and consumption are predicted to soar in FY26.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment.
