Budget 2019: Defence Shares Gain Up to 5 Per Cent
Shares of companies related to defence sector rose up to 5 per cent Friday after an outlay of Rs 3.05 lakh crore was set aside for the sector for 2019-20.
New Delhi, February 1: Shares of companies related to defence sector rose up to 5 per cent Friday after an outlay of Rs 3.05 lakh crore was set aside for the sector for 2019-20.
Shares of Walchandnagar Industries jumped 4.71 per cent, Bharat Electronics gained 2.98 per cent, BEML 2.79 per cent and Bharat Dynamics 1.76 per cent on BSE. Notional Rent Explained: In Budget 2019-20, Piyush Goyal Announces Tax Exemption On Deemed Rent On Second Self-Occupied Property.
An outlay of Rs 3.05 lakh crore was Friday set aside for the defence sector for 2019-20 which is more than Rs 20,000 crore allocated for the current fiscal. Presenting an interim budget for 2019-20 in Lok Sabha, Finance Minister Piyush Goyal said additional funds, if necessary, would be provided to secure the country's borders and maintain defence preparedness.