Finance Minister Nirmala Sitharaman, presenting the Union Budget for FY25-26, announced several key allocations for the healthcare sector, including ₹2,445 crore for the PLI scheme for the pharmaceutical sector. Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) received ₹9,406 crore, while ₹4,200 crore was designated for the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PMABHIM).
The National Health Mission (NHM) was allocated ₹37,226.92 crore, alongside ₹79.6 crore for the National Tele Mental Health Programme. Autonomous healthcare bodies, including AIIMS, received ₹20,046.07 crore, with AIIMS Delhi’s allocation rising to ₹5,200 crore.
The Finance Minister also announced plans to establish 200 cancer centres by FY26 and set up daycare cancer centres in all district hospitals within three years. Additionally, 10,000 medical seats will be added next year in colleges and hospitals as part of a broader target to increase medical education seats by 75,000 in five years. She further adds they will focus on promoting medical tourism and the ‘Heal in India’ initiative in collaboration with the private sector.
Over the past decade, India has added 1.1 lakh undergraduate and postgraduate medical seats, marking a 130% rise in capacity.
The Union Budget’s emphasis on healthcare led to a 0.28% rise in the Nifty Healthcare Index as of 2:12 PM. Stocks within the healthcare index benefited from the announcements, reflecting optimism about the government’s increased focus on medical infrastructure and reforms. A few stocks that saw a rise were:
On February 1, 2025, Max Healthcare Institute share price opened at ₹1,073.45, up from its previous close of ₹1,061.25. At 2:18 PM, the share price was trading at ₹1,100.00, up by 3.65% on the NSE.
Laurus Labs share price opened at ₹582.00, down from its previous close of ₹584.05. At 2:23 PM, the share price of Laurus Labs was trading at ₹603.00, up by 3.24% on the NSE.
On February 1, 2025, Biocon share price opened at ₹361.25, down from its previous close of ₹362.55. At 2:23 PM, the share price was trading at ₹372.30, up by 2.69% on the NSE.
On Friday, Granules India share price opened at ₹555.70, down from its previous close of ₹556.35. At 2:25 PM, the share price was trading at ₹566.90, up by 1.90% on the NSE.
On February 1, 2025, Apollo Hospitals share price opened at ₹6,810.30, almost the same as its previous close of ₹6,810.50. At 2:26 PM, the share price was trading at ₹6,890.10, up by 1.17% on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 1, 2025, 2:50 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
