Hindustan Aeronautics hits 52-week high ahead of board meeting to consider stock split

9 Jun 2023 , 11:01 AM

Hindustan Aeronautics’ share price rose nearly 3% in early trade on June 9 as the company’s board of directors decided to consider a proposal to subdivide the company’s equity shares in a meeting scheduled for June 27, 2023.

At around 10.57 AM, Hindustan Aeronautics was trading 1% higher at Rs 3,562.60 per piece, against the previous close of Rs 3,527.40 on NSE. The counter rose to its 52-week high of Rs 3,632 in today’s intraday trade.

From tomorrow until 48 hours after the board meeting’s conclusion, the trading window for the company’s securities will be closed to all insiders, including designated persons, connected persons, and their immediate relatives.

The company’s net profit for Q4FY23 fell 8.8% year-on-year to Rs 2,831.18 crore from Rs 3,105.17 crore.

The company’s revenue increased by 8% to Rs 12,494.67 crore in March 2022, from Rs 11,558.23 crore.

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