Retail stocks up over 10% after after UPA's win in Lok Sabha
Quotes

Retail stocks up over 10% after after UPA's win in Lok Sabha

Last Updated: Thursday, December 06, 2012, 13:01
 
 Comment 0
 
Retail stocks up over 10% after after UPA's win in Lok Sabha
Mumbai: Retail stocks on Thursday rose by up to over 10 percent after the government got approval of Lok Sabha for FDI in retail.

Cheering the move, shares of Provogue India gained 10.11 percent to Rs 19, while Shoppers Stop soared by 6.11 percent to Rs 492 on the BSE.

Among others, Koutons Retail India jumped 4.94 percent to touch an upper circuit limit of Rs 9.98, while Trent, promoted by the Tata group, gained 3.94 percent.

Pantaloon Retail climbed 5.94 percent.

However, most of these stocks pared some of their initial gains in an overall weak stock market where the benchmark Sensex was trading at 19,219.53, down 172.33 points at 1113 hrs.

The government yesterday shook off the Opposition challenge on the FDI in retail issue by getting approval of the Lower House of Parliament after BSP and SP staged a walk out.

The Rajya Sabha will also take up the discussion under a rule that entails voting. The voting will take place tomorrow.

PTI



First Published: Thursday, December 06, 2012, 13:01


Comments


comments powered by Disqus
India`s top ten billionaires
India`s top ten billionaires
Pradhan Mantri Jan Dhan Yojana - In Pics
Pradhan Mantri Jan Dhan Yojana - In Pics
Apple Smartwatch unveiled
Apple Smartwatch unveiled
Apple iPhone 6, iPhone 6 plus
Apple iPhone 6, iPhone 6 plus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved