Shares of AKI India Limited, a penny stock, have been rising sharply since the Indian Union Budget was announced on February 1, 2025.
After Finance Minister Nirmala Sitharaman’s budget speech, the stock hit its upper circuit limit. The upward trend continued on Monday, February 3, with a 5% increase, pushing the stock to an intraday high of ₹11.04.
This surge occurred despite a broader market decline of up to 700 points, and it is attributed to a key announcement made during the budget.
Government Support for Footwear and Leather Industries
During the budget, Finance Minister Nirmala Sitharaman announced a “Focus Product Scheme” for the footwear and leather sectors.
The scheme aims to
1) Create 22 lakh jobs.
2) Achieve a turnover of ₹4 lakh crore.
3) Boost exports to over ₹1.1 lakh crore.
The initiative will also promote non-leather footwear production, component manufacturing, and the required machinery for the sector.
Market Performance of AKI India
AKI India shares have been gaining for two straight sessions since the budget announcement. As of February 1, the company’s market capitalization stood at ₹93.14 crore.
Over the past five years, AKI India shares have delivered returns of about 495%. However, the stock declined by 62.73% over the last year and 16.71% in 2025 so far.
The stock reached its 52-week high of ₹29.90 on February 20, 2024, and its 52-week low of ₹9.31 on January 30, 2025.
During the budget, Nirmala Sitharaman revealed plans to introduce a “Focus Product Scheme” for the footwear and leather industries.
This scheme is designed to create 22 lakh jobs, generate a turnover of ₹4 lakh crore, and boost exports to over ₹1.1 lakh crore in these sectors.
The initiative will also help support non-leather footwear production, component manufacturing, and the required machinery for the industry.
