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Stocks in space sector surge with approval for 100% FDI
The Business Guardian
|February 23, 2024
Space-related stocks fired up on February 22 after the Union Cabinet approved changes to the Foreign Direct Investment Policy (FDI) in the space sector. The government has allowed 100 percent investment under the automatic route for activities that includes manufacturing of components, systems and sub-systems for satellites.
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Shares of MTAR Technologies and Data Patterns (India) zoomed nearly 6 percent, while stocks like Apollo Micro Systems, Azad Engineering, Paras Defence, Hindustan Aeronautics and L&Twere up between 1 and 2 percent.
At 1:43pm, the MTAR Technologies stock was trading at Rs 2,018.95, up 6 percent, while Data Patterns (India) was up 5.86 percent to Rs 2,181.15.
Bu hikaye The Business Guardian dergisinin February 23, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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