{"id":111255,"date":"2023-10-05T17:45:00","date_gmt":"2023-10-05T12:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111255"},"modified":"2023-10-05T16:12:50","modified_gmt":"2023-10-05T10:42:50","slug":"defence-stock-jumps-2-after-indian-air-force-plans-to-procure-97-lcas","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-2-after-indian-air-force-plans-to-procure-97-lcas\/","title":{"rendered":"Defence stock jumps 2% after Indian Air Force\u00a0plans to procure 97 LCAs"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2035641905\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This large-cap company that operates in defence and aerospace has completed and handed over the first LCA Tejas twin seater aircraft to the Indian Air Force.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-355710474\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 9:32 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HAL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Hindustan Aeronautics Limited<\/a><\/strong> (HAL) were trading at Rs. 1954 up by 2 percent from its previous day close price and the market capitalization of the company is 1,29,782 Cr.\u00a0<\/p><p>As per the company\u2019s filing, Hindustan Aeronautics Limited (HAL) handed over the first LCA Tejas twin seater aircraft to the Indian Air Force(IAF) In the presence of Rakha Rajya Mantri, Mr. Ajay Bhatt. Chief of Air Staff Air Chief Marshal VR Chaudhari said that IAF would be going forward to procure 97 more LCAs and with this it will have 220 LCAs in its inventory.&nbsp;<\/p><p>The LCA Tejas Twin Seater is a light weight, all weather multi-role 4.5 generation aircraft. It is designed to support the training requirements of the IAF and augment itself to the role of a fighter in case of necessity.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2453069682\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s revenue has increased by 9.37 percent from 24,620.02 Cr in FY22 to 26,927.46 Cr in FY23, accompanied by increasing profits of 5,079.88 Cr to 5,827.73 Cr.&nbsp;<\/p><p>The company has reported a return on equity (ROE) of 27.18 percent and return on capital employed (ROCE) of 30.59 percent, this indicates that the company is making good returns on its equity and is making effective utilisation of the company\u2019s resources.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 71.64 percent stake, the Domestic Institutional Investors hold 10.64 percent and the Foreign Institutional Investors (FII) hold 11.90 percent.&nbsp;<\/p><p>Hindustan Aeronautics Limited is a central public sector undertaking under the administrative control of the department of defence production, ministry of defence, engaged in the business of Manufacture, Repair and maintenance of Aircraft and Helicopters.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2758806268\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This large-cap company that operates in defence and aerospace has completed and handed over the first LCA Tejas twin seater aircraft to the Indian Air Force.&nbsp; At 9:32 a.m the shares of Hindustan Aeronautics Limited (HAL) were trading at Rs. 1954 up by 2 percent from its previous day close price and the market capitalization [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11678,12866,11179,948,936],"class_list":["post-111255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-hal-latest-news","tag-hal-order","tag-hal-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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