Retail shares gain after favorable FDI vote

Retail shares

Retail shares rose after the government won a vote on allowing foreign supermarkets to operate in multi-brand retail.

Shares in Pantaloon Retail rose 2 percent to its highest in over a year.

India's top retailer has surged 61.23 percent since Sept. 14, when the government approved 51 percent FDI in multi-brand retail.

Shoppers Stop, which operates the Hypercity retail chain, rose 4 percent.

The stock has gained 32.1 percent since the reform move was announced.

Trent rose 0.6 percent while CESC was up 0.2 percent.

Stocks More Pantaloon Retail

Company INFO More on Pantaloon Retail

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.