INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Budget 2020 may have largely failed to enthuse stock investors, but it did create a lot of buzz in a host of stock counters and
soared 10.03 per cent to Rs 37.30 after the Finance Minister unveiled plans to sell its remaining stake in the lender.
HDFC Life Insurance,
insurance stocks, as a lot of insurance buying happens for tax-saving purposes
Shares of HDFC Life Insurance fell 6.06 per cent to Rs 562, while ICICI Prudential Life Insurance fell 10.93 per cent to Rs 455 and SBI Life
Asset manager Nippon Life tumbled 5.96 per cent to Rs 341.
Apex Frozen: Apex Frozen shares climbed 3.69 per cent to Rs 362, after Sitharaman
proposed raising fish production to 200 lakh tonnes by 2022-2023
The stock gained 9 per cent in intraday trade
Avanti Feeds rose 5.6 per cent intraday, but closed 0.42 per cent lower at Rs 659.45.
ZEE Learn, CL Educate: Shares of education stocks
jumped 4 per cent after the FM allocated Rs 99,300 crore towards education sector, Rs 3,000 crore for skill development in FY21 and promised
to ease FDI norms for the industry
ZEE Learn jumped 2.19 per cent to Rs 18.65, Educomp gained 4.2 per cent to Rs 1.24 and CL Educate rose 3.24 per cent to Rs 74.95.
Parag
Shares of Parag Milks Foods plunged 8.53 per cent to Rs 127, Heritage Foods fell 5.91 per cent to Rs 346.80 and Prabhat Dairy 0.35 per cent
to Rs 85.50.
Jindal Saw, Tata Metaliks and Maharashtra Seamless: The Rs 3.6 lakh crore allocation towards Jal Jivan Mission is seen to be
benefitting a number of companies
Jain Irrigation rose 4.89 per cent to Rs 7.51 Jindal SAW that gained 4 per cent intraday but closed 2 per cent lower at Rs 88.25
Maharashtra Seamless and Tata Metaliks gained up to 2 per cent intraday, but closed up to 2.5 per cent lower
Amber Enterprises, Dixon Technologies: The FM proposed a scheme to encourage manufacture of mobile phones, electronic equipment and
semi-conductor packaging, but there were no details
Shares of Amber Enterprises and Dixon Technologies fell up to 5.3 per cent each