Spiritual tourism gets a push in Union Budget; here are stocks that stand to gain
Sitharaman's Interim Budget announces interest free loans to states and building port connectivity to islands in order to boost domestic tourism.
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Sitharaman's Interim Budget announces interest free loans to states and building port connectivity to islands in order to boost domestic tourism.
Airline fares witnessed a significant jump in Q3 given a seasonally strong quarter. Despite price corrections, overall ATF prices remained elevated in the third quarter owing to the peak attained in October 2023.
The government has targeted a fiscal deficit of 5.1 percent of the GDP for FY25, significantly surprising market expectations of 5.3-5.5 percent. Fiscal deficit is the amount by which total expenses of the government exceeded its total earnings. A lower number theoretically means the economy is doing better
A stock that fell about 7 percent was Aurobindo Pharma after reports said the US drug regulator was conducting a search at one of its units. The open interest for the stock climbed 25 percent to its highest in the last one year.
A short build-up was seen in 79 stocks including Indus Towers, India Cements, ABB India, Larsen & Toubro, and Deepak Nitrite.