The shares of this aircraft manufacturer gained up to 2.16 percent after the company received the tender of Rs 10,000 crores from the Central Government.
With a market capitalization of Rs 1,43,820.06 crore. Hindustan Aeronautics Ltd, On Thursday, The shares were trading at Rs 2,150.50 a share, an increase of 1.80 percent from the previous closing price.
According to India Today, Hindustan Aeronautics Ltd received the tender of Rs 10,000 crores from the Central Government for the acquisition of 12 Sukohi-30 MKI fighter jets, and Within the Indian Air Force’s fleet of over 260 Su-30MKIs, this will be the most recent model. It is anticipated that HAL will reply to the tender by the end of December.
Examining the business’s financials, the company’s revenue increased 9.5 percent from Rs. 5,144.79 crores in Q2FY23 to Rs 5,635.7 crores in Q2FY24. Further, During the same period, Net Profit increased by 1.05 percent from Rs 1,218.94 crores to Rs 1,232.29 crores.
The stock has delivered a return of 41.22 percent in six months and 58.24 percent in a year.
Hindustan Aeronautics Ltd’s recent shareholding pattern, The Promoters of the The company owns 71.64 percent while Retail shareholders own 6.01 percent stake in the company and Foreign Institutional Investors own a 12.63 percent stake.
Hindustan Aeronautics Ltd’s reported return ratios in the recent financial year with a return on equity (ROE) of 27.18 percent and a return on capital employed (ROCE) of 30.59 percent.
Manufacturing aircraft and helicopters as well as maintaining and repairing them are the activities carried out by Hindustan Aeronautics.
Written by:- Abhishek Singh.
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