Strong order book, upgrades help HAL fly past the Rs 2 trillion mcap mark
Hindustan Aeronautics Ltd (HAL) on Friday joined the elite group of companies having market capitalisation (market cap) of Rs 2 trillion with the stock of the state-owned defence firm more than doubling in the past 10 months.
The shares of HAL hit a new high of Rs 3,038.60, surging 5 per cent on the BSE in intraday trade on Friday on a robust business outlook. The stock closed at Rs 2,999.05 apiece, up 3.21 per cent. HAL’s market cap hit Rs 2.03 trillion in the intraday trade on Friday.
