Hindustan Aeronautics board to consider stock split on Sept 21; Stock jumps 1.5%

The current market cap of the company is Rs46,212.35cr.

Sep 03, 2021 09:09 IST India Infoline News Service

Hindustan Aeronautics
Hindustan Aeronautics Ltd stocks are in a fast lane after it has informed to the exchange that a meeting of the Board of Directors will be held on Tuesday, September 21, 2021 to consider, inter-alia, the sub-division of equity shares of the Company.

Further, according to the reports, HAL’s basic trainer aircraft is all set for certification clearance, says official. Sources said the aircraft would cost around Rs50cr and HAL has invested over Rs600cr to develop it.

At around 9:58 AM, Hindustan Aeronautics was trading at Rs1,402.25 per piece up by Rs20.25 or 1.47%.

On Friday, the stocks touched a high and low of Rs1,429.30 per piece and Rs1,395.15 per piece respectively during early trading hours.

Previously, the scrip ended at Rs1,382 per piece on the BSE.

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