
From ₹2,242 to ₹4,108: HAL share doubles in a year on back to back order wins
The share price surged 4% intraday after the government approved a plan to acquire 12 additional Sukhoi Su-30MKI fighters to be built at HAL’s Nashik factory.
The share price surged 4% intraday after the government approved a plan to acquire 12 additional Sukhoi Su-30MKI fighters to be built at HAL’s Nashik factory.
India's 400 big and small public and private companies and space startups supplied vital parts for the whole mission.
The agreement includes the potential joint production of GE Aerospace's F414 engines in India
Adani Transmission, Adani Total Gas, and Indus Towers will be removed from the MSCI India Standard Index, effective as of the close of May 31, 2023.
The government, which owns 89.97% stake in HAL, will sell 3.5% equity shares in the aerospace company at a floor price of ₹2,450 apiece.
The floor price for the OFS has been fixed at ₹2,450 per share, a discount of 6.7% to Wednesday’s closing price.
The decision is being taken in a bid to provide a boost towards the government's 'Aatmanirbhar Bharat' program in the Indian Aerospace Defence ecosystem.
Touted as Asia's largest helicopter manufacturing facility, Greenfield Manufacturing Facility, which is spread across 615 acres of land, will initially produce Light Utility Helicopters (LUHs).
Since May 13, shares of the aeronautics company rallied 18% to hit an all-time high of ₹1,785.85 in intraday trade on Friday.
The BSE Sensex and the NSE Nifty are expected to open on a soft note on Tuesday, following weak cues from Asia peers and bearish trends on the SGX Nifty futures.