The recent budget unfolds promising fiscal metrics, signaling a shift towards fiscal prudence. With a noteworthy reduction in the fiscal deficit to 5.8% of GDP for the current year and a targeted 5.1% for the next, the government displays a commitment to financial responsibility. This approach extends to the reduction in net borrowings, promising improved funds availability for the private sector.
On Tuesday, stocks 1953 advanced, 1861 declined and 93 remained unchanged, with an advance decline ratio of 1.05 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
Shakti Pumps stock has gained 44% in the current month so far and has consistently shown an upward trend since March 2023, delivering a remarkable return of 264% in less than a year. Shakti Pumps reported its highest ever revenue and profitability in Q3FY24.