Buyers lapped up shares of Bharat Electronics, BEML and Astra Microwave Products on Wednesday on hike in foreign direct investment limit in defence space. These stocks gained as much as 5-8 percent.
Department of Industrial Policy and Promotion (DIPP) has notified increase in foreign direct investment (FDI) limt to 49 percent through approval route in the defence sector. FDI ceiling in the sensitive defence sector has been raised from current 26 percent to 49 percent
Stock move up 5% to 15% Bharat Electronic up 16.28% , BEML up 5% Astra Microwave products up 7.11%
Department of Industrial Policy and Promotion (DIPP) has notified increase in foreign direct investment (FDI) limt to 49 percent through approval route in the defence sector. FDI ceiling in the sensitive defence sector has been raised from current 26 percent to 49 percent
Stock move up 5% to 15% Bharat Electronic up 16.28% , BEML up 5% Astra Microwave products up 7.11%
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