{"id":112754,"date":"2023-10-27T17:35:53","date_gmt":"2023-10-27T12:05:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112754"},"modified":"2023-10-27T17:35:58","modified_gmt":"2023-10-27T12:05:58","slug":"defence-stock-jumps-after-signing-mou-with-safran-aircraft-engines-for-manufacturing-commercial-engines","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-after-signing-mou-with-safran-aircraft-engines-for-manufacturing-commercial-engines\/","title":{"rendered":"Defence stock jumps after signing MoU with Safran Aircraft Engines for manufacturing commercial engines\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3411136294\"><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>The large-cap monopoly stock opened on a higher note and closed its trading session locking a 2 percent gain after signing the MoU for manufacturing commercial engines.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3467486064\"><!-- 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>With a market capitalization of Rs. 1.2 lakh cr, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HAL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Hindustan Aeronautics Ltd<\/a><\/strong> opened its Friday trading session on a higher note at Rs. 1,829, during the trading session the share hit an intraday high of Rs. 1,861, and closed its day at Rs. 1,854 apiece.\u00a0<\/p><p>The positive moment in the share was observed after the company in an exchange filing informed that it had entered into a Memorandum of Understanding with \u2018Safran Aircraft Engines\u2019 to develop an industrial corporation in the ring forging manufacturing for commercial engines.&nbsp;<\/p><p>In Bengaluru, HAL will produce Leading Edge Aviation Propulsion (LEAP) powering Airbus A320 Neo family and Boeing 737 Max) engine Forgings at its Foundry a Forge facility as part of the MoU.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3383173186\"><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>Digging into the financials of the company, the revenue of this Navratna company drastically declined from Rs . 12,494 cr during the June quarter to Rs. 2,831 cr. In addition to this, there was a decline in consolidated net profit from Rs. 2,831 cr to Rs. 814 cr keeping the timeframe same.&nbsp;<\/p><p>Looking at the important ratios of the company, the return on equity decreased from 29.25 percent during FY 21-22 to 27.18 percent in FY 22-23. On a contrasting note, the return on capital employed marginally increased from 30.37 percent to 30.59 percent during the same period. The company has a debt-to-equity ratio of zero which means the company is debt free.&nbsp;<\/p><p>According to the latest shareholding pattern, The government or the Promoters have a 71.64 percent stake in the company, the Public have 6.01 percent of the holding, DIIs have 6.01 percent of shares where LIC holds 1.5 percent stake, and the remaining 12.63 percent is with FIIs in the company\u2019s share, in which Government of Singapore holds 1.03 percent.&nbsp;<\/p><p>Headquartered in Bangalore, Hindustan Aeronautics Limited is an Indian public-sector aerospace and defense company. The company was established on 23 December 1940, HAL is one of the oldest and largest aerospace and defense manufacturers in the world.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/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-3527496167\"><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>The large-cap monopoly stock opened on a higher note and closed its trading session locking a 2 percent gain after signing the MoU for manufacturing commercial engines.&nbsp; With a market capitalization of Rs. 1.2 lakh cr, the shares of Hindustan Aeronautics Ltd opened its Friday trading session on a higher note at Rs. 1,829, during [&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":[11678,13741,11179,948,936],"class_list":["post-112754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-hal-latest-news","tag-hal-new-mou","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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