Liberty Shoes, Campus, Mirza International, Relaxo: Footwear, leather stocks rally up to 16% on Budget proposals; check details

The FM announced that the government plans to launch a focused scheme will be launched for the footwear and leather sectors.

Liberty Shoes were trading nearly 6% higher at ₹411.15 on the NSE.

The finance minister also said that steps will be initiated to make India a global toy manufacturing hub.

The government will also launch a mission to support clean technology manufacturing activities, she said while presenting the Union Budget for 2025-26.

She said investment as a third engine encompasses investing in people, innovation, and the economy.

Finance Minister Nirmala Sitharaman will present her record 8th straight Budget and all eyes will be on the much-expected tax relief for the middle class.

Sitharaman had in her first Budget in 2019 replaced the leather briefcase -- which was in use for decades for carrying Budget documents -- with a traditional 'bahi-khata' wrapped in red cloth. This year's Budget would be in paperless form, as done in the last three years.

Meanwhile, shares of aquaculture companies such as Apex Frozen, Avanti Feeds, and Kings Ventures, among others, rallied in the trade on Saturday, February 1, on the Budget proposals announced by Finance Minister Nirmala Sitharaman.