HAL shares hit 52-week high, surge over 100% YTD
Shares of state-owned aerospace and defence company Hindustan Aeronautics NSE -0.61 % (HAL NSE -0.61 %) soared to an all-time high of Rs 2,592.10 in Monday’s trade on strong outlook amid healthy order visibility.
The stock has a healthy order book of around Rs 84,800 crore as of June 2022. The order inflows have grown 39 per cent to Rs 6,270 crore in the April-June quarter. The total estimated cost of new orders stands at a healthy Rs 45,000 crore and the company has an MRO order pipeline of about Rs 1.2 lakh crore in the next 3-4 years.
