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Defence manufacturers' stocks surge as Centre hikes FDI limit to 74%

Hindustan Aeronautics, BEML, Bharat Dynamics and Bharat Electronics among the state-owned companies shares have rallied by up to 10% on the BSE in early morning trade.

Topics
Buzzing stocks | defence firms | Markets

SI Reporter  |  Mumbai 



There is appreciation across the industry for DPP-2020’s proposed enhancement of indigenous content requirements in foreign procurements
Finance Minister Nirmala Sithraman on Saturday announced that the FDI limit in defence production was being raised to 74 per cent from 49 per cent for FDI through the automatic route

Shares of the companies engaged in defence sector surged up to 10 per cent on the BSE on Monday in the early morning deal after the government hiked foreign direct investment (FDI) via automatic route from 49 per cent to 74 per cent.

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First Published: Mon, May 18 2020. 09:43 IST

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