Hindustan Aeronautics hits new high; joins Rs 1-trillion market cap-club
The market capitalisation (m-cap) of state-owned aerospace & defense company Hindustan Aeronautics (HAL) crossed the Rs 1-trillion mark with the stock hitting a new high of Rs 3,021 (up 3 per cent) on the BSE in Wednesday’s intra-day trade.
At 10:03 am; with a market cap of Rs 1.006 trillion, HAL claimed the 52nd spot in the overall market cap ranking, the BSE data shows. In the past one month, the stock has outperformed the market by surging 11 per cent as compared to a 3.5 per cent rise in the S&P BSE Sensex.
HAL, a defence public sector undertaking (DPSU), is engaged in the business to undertake design, development, manufacturing, maintenance,
