Hindustan Aeronautics share price: Today, shares of Hindustan Aeronautics Ltd (HAL) soared to an all-time high following the announcement that the aerospace and defense company had secured a contract with Cochin Shipyard Limited (CSL) in Kochi. The contract entails the supply of 6 sets of LM2500 gas turbines (GT) and GT Auxiliaries (GTAE), along with spares and tools for the Indian Navy’s Next Generation Missile Vessel (NGMV) Project.
HAL shares surged by 3.81% to reach Rs 3454.35, surpassing the previous close of Rs 3,327.25 on the BSE. At this record-breaking level, HAL shares are trading above their 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages. – Hindustan Aeronautics share price
During the afternoon session, Hindustan Aeronautics’ market capitalization reached Rs 2.28 lakh crore. HAL‘s market cap also ascended to the same figure. A total of 1.22 lakh shares were traded, resulting in a turnover of Rs 41.77 crore on the BSE. This large-cap stock had previously declined to a 52-week low of Rs 1,335 on April 5, 2023.
According to the relative strength index (RSI) of Hindustan Aeronautics, which currently sits at 60.6, the state-owned defense firm’s stock is not trading in either the oversold or overbought zone.
The timeframe for executing the order spans from FY 2025-26 to FY 2028-29, with the project costing Rs 1173.42 crore.
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Hindustan Aeronautics is involved in various activities such as designing, developing, manufacturing, repairing, overhauling, upgrading, and servicing a diverse array of products, which include aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures.
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