Capital Goods stocks fall 2% as FY25 revised capex reduced to Rs 10.8 lakh crore

At 12 noon, capital goods stocks like Mazagaon Docks, L&T and Thermax were trading around 1-2 percent lower.

Capital goods stocks fell after the FY25 revised capex for FY2025 was reduced to Rs 10.18 lakh crore during the Union Budget 2025-26. Stocks of major capital goods stocks fell nearly 2 percent .

At 12 noon, capital goods stocks like Mazagaon Docks, L&T and Thermax were trading around 1-2 percent lower.

The finance minister also announced the removal of 7 tariff rates in order to promote exports. After this there will be only 8 remaining tariff rates including zero rates. Additionally, investment index friendliness of states will be launched in 2025.

The Revised Estimate of the total receipts other than borrowings is Rs 31.47 lakh crore, of which the net tax receipts are Rs 25.57 lakh crore. The Revised Estimate of the total expenditure is Rs 47.16 lakh crore, of which the capital expenditure is about Rs 10.18 lakh crore.

For FY2026, capex outlay was increased from Rs 11.11 lakh crore in last fiscal to Rs 11.2 lakh crore for which is lower than expectation Industry insiders were expecting the government to raise capex allocation to Rs 11.5 lakh crore, from Rs 11.1 lakh crore a year ago, particularly with the slowdown in GDP growth. This higher allocation, they hoped would give road building, railways, renewables, power transmission, defence and new-age infra such as data centres a boost.

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