The government on Monday announced changes in the foreign policy, including those for sectors like aviation, DTH and defence. Here are 7 shares that could benefit from the new policy.
Interglobe Aviation
Foreign entities have been allowed 100 per cent FDI in the aviation sector.
One of the biggest beneficiaries would be Interglobe Aviation, which operates under Indigo Airlines. The company can now attract foreign capital for further expansion.
Shares of Interglobe were trading at Rs 1089.
Walchandnagar Industries
Walchandnagar Industries a player in the defense industry with presence in Aerospace and missile, will be another beneficiary. The stock already rallied on Monday after the government allowed 100% per cent FDI in the Defense sector via government approval.
Shares of Walchandnagar Industries were trading at Rs 155.
Dish TV
In The Direct to Home space the government has allowed 100 per cent FDI, through the automatic route.
This is likely to see a major player like Dish TV seeing more investments. The stock closed at Rs 95.65 on the NSE.
SpiceJet
Another company that is likely to benefit is SpiceJet due to the new FDI policy for the aviation sector.
This could help it get additional capital to invest and expand. The stock of SpiceJet closed at Rs 69.30 on the NSE.
Sun TV
Sun TV's subsidiary owns Sun Direct, which is likely to gain from the new Direct to Home FDI through the automatic route.
DTH is still a very small part of the Sun TV group. The shares of Sun TV last closed at Rs 371 on the NSE.
Reliance Defence and Engineering
The government allowed 100 per cent FDI in Defence via the government approval. Companies like Reliance Defense are likely to gain from investment inflows and also technical know-how.
Reliance Defense and Engineering last closed at Rs 69 on the NSE.
Jet Airways
Jet Airways which sprang into profits this year, will gain from the automatic FDI route in the aviation sector.
The stock closed at Rs 586 on the NSE.
More From GoodReturns

Gold Rate in India Falls Nearly Rs 11,000/24K for Second Day; Will Gold Price Today Drop Amid RBI MPC Meet?

EPFO Update: How to Withdraw PF via ATM and UPI, Check Limits and Eligibility Under EPFO 3.0 Reform

Air India, Indigo, SpiceJet Flights Ticket Prices To Fall? 25% Cut Declared On Flight Landing, Parking Charges

Rs 110 Dividend On 1 TCS Share: Tata Group's Tech To Pay Last Dividend Of Rs 31 For FY26; Record Date Fixed?

Gas Cylinder Booking Rules Alert: How To Do LPG Biometric Aadhaar Authentication eKYC For Indane, BP, HP Gas

Gold Silver Rate Today April 9 Under Pressure: Why Comex Gold & Silver Rate Retreated From 3-Week High?

1:5 Split Soon: Vedanta Ltd Stock Jumps After Fitch Upgrades Parent's Rating; Vedanta Demerger Record Date

Gold Rates & Silver Rates Today Live Updates: MCX Gold Price Ends Above Rs 1.50 Lakh, Silver Price Jumps 1%

5KG Gas Cylinder New Update: Do You Need Aadhaar Proof For 5 Kg FTL New Connections; How To Buy Mini LPG Gas?

TCS Q4 Results Preview: Will Tata Group's TCS Turnaround Its Net Profit In Q4? Dividend Announcement Ahead

Gold & Silver Rates Today Live: MCX Gold Price Recovers Losses In Evening Session, Silver Price Still Down



Click it and Unblock the Notifications