Corporate winners and losers from India's budget By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 01 2025
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Source: Investing.com
Budget Highlights: India's Finance Minister Nirmala Sitharaman presented a budget aimed at increasing middle-class spending power and promoting inclusive growth, with significant tax relief for individuals earning up to 1.28 million rupees annually.
Market Reactions: The stock market showed mixed reactions, with consumer goods and auto sectors experiencing gains due to increased disposable income, while infrastructure stocks declined following modest capital spending increases in the budget.
Analyst Views on SBIL
Wall Street analysts forecast SBIL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SBIL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 100.315
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Current: 100.315
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
