Hindustan Aeronautics gains on signing agreement with Safran Helicopter Engines

Hindustan Aeronautics is currently trading at Rs. 1755.75, up by 14.70 points or 0.84% from its previous closing of Rs. 1741.05 on the BSE.

Hindustan Aeronautics e1642150646406
Hindustan Aeronautics 

The scrip opened at Rs. 1748.00 and has touched a high and low of Rs. 1767.00 and Rs. 1743.55 respectively. So far 10662 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1970.00 on 17-Jun-2022 and a 52 week low of Rs. 1054.45 on 20-Jul-2021.

Last one week high and low of the scrip stood at Rs. 1805.00 and Rs. 1725.00 respectively. The current market cap of the company is Rs. 58781.98 crore.

The promoters holding in the company stood at 75.15%, while Institutions and Non-Institutions held 21.37% and 3.48% respectively.

Hindustan Aeronautics (HAL) and Safran Helicopter Engines have signed an agreement to create a new joint venture intended to develop helicopter engines.

The joint venture will be dedicated to the development, production, sales and support of helicopter engines and one of its main objectives will be to meet the requirements of HAL and Ministry of Defence’s future helicopters, including the 13-ton IMRH (Indian Multi-Role Helicopter).

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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