back to top
HomeSTOCKS65000 Crore Tender From Defence Ministry For Fighter Jets; Share Made History

65000 Crore Tender From Defence Ministry For Fighter Jets; Share Made History

Hot Stocks Alert Join

Hindustan Aeronautics Limited (HAL: Amidst the slowdown in the market, the shares of Hindustan Aeronautics Limited (HAL), a company related to the defense sector, started rising like a rocket. On Friday, the week’s last trading day, the stock rose by more than three percent during intra-day. 

During trading, the share price reached Rs 3677, which is also the stock’s record high. At the end of trading, the stock closed at Rs 3637.90, up 2.05%.

Order Worth 65000 Crore

The rise in the shares of Hindustan Aeronautics Limited is related to the news. The Defense Ministry has issued a solicitation for the company to purchase the 97 LCA Mark 1A fighter jets produced in India.

The value of this tender is expected to exceed ₹65000 crore, making it the largest order ever placed by the Central Government for indigenous military hardware. This order will help the Indian Air Force replace its fleet of MiG-21, MiG-23, and MiG-27.

Stock Giving Multibagger Returns

In the last month, shares of Hindustan Aeronautics Limited have returned 11.34 percent. At the same time, the company has returned 158.8 percent to investors in one year. 

Let us inform you that the business is involved in the development, design, manufacturing, repairs, overhauls, and maintenance of a range of products, including aircraft aero-engines, helicopters, Avionics, accessories, and aerospace structures.

Brokerage Opinion

The leading brokerage firm said Hindustan Aeronautics Ltd’s order flow and fulfillment outlook are improving. 

The brokerage believes that Hindustan Aeronautics Limited is contributing to the strengthening and modernization of India’s air defense. In his analysis, he said that we have given the stock a ‘Hold’ rating.

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here