HAL gains 3% to cross Rs 4,000-mark; stock touches fresh lifetime high

Shares of Hindustan Aeronautics surged 3 per cent to hit a record high of Rs 4,024 (breaching the Rs 4,000-mark) on the BSE in Wednesday’s intra-day trade ahead of stock split. The stock of state-owned defense company surpassed its previous high of Rs 3,999.1 touched on July 31, 2023.

The board of directors of HAL, at their meeting held on July 27, approved sub-division/ stock split of existing 1 equity share of face value of Rs 10 each into 2 equity shares of Rs 5 each. The company has fixed September 29 as the record date for sub-division of equity shares.