Shares of Cosco India jumped sharply in Sunday’s session after a positive policy signal for the sports manufacturing sector in Union Budget 2026.
As of the latest available data, Cosco India shares were trading at Rs 253, up 16.32%, gaining Rs 35.50 in intraday trade. The stock reacted strongly following the finance minister’s statement that India has the potential to emerge as a global hub for high-quality and affordable sports goods, a comment that brought sports equipment manufacturers into focus.
The Budget remark aligns with the government’s broader manufacturing-led growth strategy, which emphasises scaling up domestic production, improving quality standards, and enhancing export competitiveness across selected sectors. Sports goods manufacturing, which combines MSME participation with export potential, is expected to benefit from such policy direction.
Market participants tracked Cosco India closely following the announcement, as further clarity is awaited on specific incentives, schemes, or policy support that may be extended to the sports goods and related manufacturing segments in subsequent Budget documents and notifications.
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