A Study on the Impact of Budget Announcements on Stock Prices with Reference to the Pharma Sector of Bharat Biotech and Aurobindo Pharma
A Study on the Impact of Budget Announcements on Stock Prices with Reference to the Pharma Sector of Bharat Biotech and Aurobindo Pharma
1 KARAMPUDI BINDU VARDHAN (24UJ1E0031) Student of 2nd Year MBA,
Malla Reddy Engineering College and Management Sciences, Medchal, Hyderabad – 501 401.
2. Dr N Anil Kumar, Assistant Professor Dept of MBA,
Malla Reddy Engineering College and Management Sciences, Medchal, Hyderabad – 501 401.
Abstract
The Union Budget is one of the Government of India's most significant fiscal policy instruments, influencing investor expectations and stock market performance across various sectors. This study examines the impact of budget announcements on stock prices in the pharmaceutical sector with reference to Bharat Biotech and Aurobindo Pharma. The research evaluates investor awareness, stock price movements, healthcare spending, taxation policies, pharmaceutical incentives, and research support using secondary data collected from budget documents, company reports, financial databases, and stock market publications. The findings indicate that budget announcements significantly influence investor sentiment, stock price behaviour, and investment decisions within the pharmaceutical industry.
Keywords: Union Budget, Stock Prices, Bharat Biotech, Aurobindo Pharma, Pharmaceutical Sector