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Defence stocks surge after rise in FDI limit via automatic route; Hal, BEL among gainers
May 18, 2020 | By Hindustantimes.com
business
Shares of Hindustan Aeronautics Ltd (HAL) jumped 10%, Bharat Electronics Ltd (BEL) rose 5.53%, BEML advanced 5.3%, Astra Microwave Products surged 4.93% and Bharat Dynamics was trading up 4.71% on the S&P BSE Sensex.
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Shares in defence manufacturing companies shot up on Monday after the government raise foreign direct investment (FDI) by allowing 74% up from 49% under the automatic route via automatic route as a part of the economic stimulus announced to help the economy d
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