Budget 2025 stocks: Ion Exchange, Shakti Pump & other water treatment counters fall up to 4% (original) (raw)

Finance Minister Nirmala Sitharaman on Saturday announced the government's resolve to provide 100% tap water coverage by 2028 to all households, focusing on rural piped infrastructure. However, the announcement failed to cheer water treatment stocks like Ion Exchange (India), Shakti Pumps, Roto Pumps, Va Tech Wabag and Felix Industries, which fell by up to 4% in the day's trade.

Companies like VA Tech Wabag, L&T, and Ion Exchange (India) will play key roles in infrastructure development, improving public health, agriculture, and industrial growth through a reliable water supply, Oneeka Medh, Research Analyst at Samco Securities said in a budget review note.

India, with 18% of the world’s population but only 4% of its freshwater, faces critical water challenges, he said, adding that the per capita usage is set to double by 2050 and sustainable management remains a vital element.

MoUs with states will ensure smooth implementation.

“Our economy is the fastest-growing among all major global economies. Our development track record of the past 10 years and structural reforms have drawn global attention. Confidence in India’s capability and potential has only grown in this period. We see the next five years as a unique opportunity to realize ‘Sabka Vikas’, stimulating balanced growth of all regions," Sitharaman said in her budget speech.

Growfast

This was Nirmala Sitharaman's 8th Budget and her second full Budget in the Modi 3.0 government.

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