Leather Industry Surges: AKI India Gains 5% on Budget 2025 Boost

AKI India, a small-cap penny stock in the leather sector, saw a 5% increase to ₹10.52 per share following Finance Minister Nirmala Sitharaman's Budget 2025 announcement. The government's new policy for the leather and footwear industry aims to generate employment for 2.2 million people and boost exports to over ₹1.1 trillion. This initiative, coupled with customs duty exemptions on wet blue leather, has sparked investor interest in leather stocks. AKI India's growth reflects the positive sentiment surrounding the sector's potential for increased productivity and competitiveness.

Source: Business Standard