InvestorQ : How do you see defence companies like HAL, BEML and BEL after the recent announcements for the defence sector by the FM?
Mary Joseph made post

How do you see defence companies like HAL, BEML and BEL after the recent announcements for the defence sector by the FM?

Answer
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sara Kunju answered.
5 months ago


Most of the defence stocks reacted positively on 18 May to the opening up of the defence sector by the finance minister. Shares of defence companies surged up to 10% after the government hiked foreign direct investment (FDI) via automatic route from 49% to 74%. HAL, BEML, Bharat Dynamics and Bharat Electronics were among the state-owned companies that rallied up to 10 per cent on the BSE. Private players were a little more subdued in their movement. This is part of the government's Make in India campaign wherein some weapons and platforms will be banned for imports and will only be allowed to be purchased from within the country.