Budget 2025: PSU stocks tumble up to 9% on Budget Day, marking the sharpest decline since 2020

PSU stocks dropped over 9% on Budget Day, with the BSE PSU index falling 2.7%. Investors were disappointed by a lower-than-expected capital expenditure allocation of Rs 11.2 lakh crore. Key sectors like defense, railway, and power saw declines, with defense PSUs and railway stocks losing up to 4%. The budget's flat allocations led to investor disappointment.

from Economic Times https://ift.tt/WDUI5Z0