Retail stocks rise ahead of voting for FDI in multi-brand retail

Posted By:
Subscribe to GoodReturns

 Retail stocks rise ahead of voting for FDI in multi-brand
Shoppers Stop: Quotes, News
BSE 349.80BSE Quote12.2 (3.49%)
NSE 335.80NSE Quote2.4 (0.71%)
Shares of retailers rose ahead of key voting in the Lok Sabha for permitting foreign direct investment in the retail sector.

Pantaloon Retail was up by 1%, Shoppers's Stop was up by 1.1% at Rs 436, while Provogue and Brandhouse were trading flat.

The Lok Sabha will debate allowing FDI in multi-brand retail, followed by voting later in the day. It is largely expected that FDI in multi-brand retail would sail through in the Lok Sabha, but, its passage in the Rajya Sabha remains a crucial question, given that the government is clearly in a minority.

GoodReturns.in

Read more about: fdi
Story first published: Wednesday, December 5, 2012, 10:36 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC