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In the new rule, Indian government has allowed 100 percent investment under the automatic route for activities that includes manufacturing of components, systems and sub-systems for satellites.
Shares of MTAR Technologies cracked 11.7 per cent to Rs 2,248 apiece on the BSE in Thursday's intraday trade; Here's Why
On the stock-specific front, Tata Power, KIMS, MTAR Tech, RITES, Oberoi Realty, Devyani International and some other counters will be in focus today.
Stocks that were in focus included names like MTAR Technologies, which rose 10.01%, BHEL, which gained 11.75%, and HDFC AMC, whose shares declined 3.42% on Friday.
MTAR Tech share price: The stock soared 14.75 per cent today to hit a 52-week high of Rs 2,817.75. It eventually settled 10.97 per cent higher at Rs 2,724.90. The company recently received the 'Defence Industrial Licence' for production of various mechanical and electronic subsystems. This would facilitate the ease of doing business with foreign MNCs on various defence projects, MTAR Tech said.