HAL Shares: PSU stock in focus amid new defence contract; delivers 1.15% return in past week
This project is expected to create 8,500 employment, it will strengthen India's defence manufacturing industry and help self-reliance in aeronautical technologies.
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Shares of Defence PSU firm Hindustan Aeronautics Ltd are in focus amid the company's having signed contracts with the Ministry of Defence to supply 156 Light Combat Helicopters (LCH) Prachand. The Indian Army will receive 90 units, while the Indian Air Force will get 66.
A major part of MSMEs, with 250 local businesses, would be involved in the project, using more than 65% indigenous material. This project is expected to create 8,500 employment, it will strengthen India's defence manufacturing industry and help self-reliance in aeronautical technologies.
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Over the past week, the stock has delivered a 1.15% return but declined by 5.62% in the past six months. The stock gained 25.6% over the past year.
As of 28th March 2025, the shares of HAL were opened at Rs 4,200.00, up 0.92% from its previous close of Rs 4,161.60. The stock reached a high of Rs 4,294.00 (3.18%) and a low of Rs 4,159.40. At the end of the trade, it traded at Rs 4,176.00, a 0.35% increase, with a market cap of Rs 2.79 lakh crore.
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