Hindustan Aeronautics surges on inking MoU to establish office in Malaysia

Hindustan Aeronautics is currently trading at Rs. 2337.90, up by 47.00 points or 2.05% from its previous closing of Rs. 2290.90 on the BSE.

Hindustan Aeronautics e1642150646406
Hindustan Aeronautics e1642150646406

The scrip opened at Rs. 2290.90 and has touched a high and low of Rs. 2340.00 and Rs. 2289.75 respectively. So far 19669 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2329.30 on 17-Aug-2022 and a 52 week low of Rs. 1082.75 on 18-Aug-2021.

Last one week high and low of the scrip stood at Rs. 2329.30 and Rs. 2179.00 respectively. The current market cap of the company is Rs. 78119.61 crore.

The promoters holding in the company stood at 75.15%, while Institutions and Non-Institutions held 21.27% and 3.58% respectively.

Hindustan Aeronautics (HAL) has signed an MoU for establishing an office in Kuala Lumpur (Malaysia). The office in Malaysia will help HAL in tapping the new business opportunities for Fighter Lead-in Trainer (FLIT) LCA and other requirements of Royal Malaysian Air Force (RMAF) like Su-30 MKM and Hawk upgrades.

It will reinforce commitment of India in supporting the Malaysian Defence Forces and industry for sustainable aerospace and defence landscape in Malaysia.

Hindustan Aeronautics is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.

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