Large cap public sector undertaking (PSU) from defence & aerospace sector, Hindustan Aeronautics Ltd shares today witnessed sharp jump of 5.68% on Bombay Stock Exchange (BSE). Last trading price of HAL shares on BSE stood at Rs 3729.40 apiece. Meanwhile, Board of Directors of the PSU will hold meeting on February 12, 2025 to consider financial results and first interim dividend.
The company fixed February 14, 2025 as the record date for interim dividend. FII/FPI have increased holdings from 11.85% to 12.26% for the December 2024 quarter. It is worth mentioning that Life Insurance Corporation of India (LIC) holds 2.53% stake in HAL. The company’s market cap is Rs 2,49,412.95 crore and it offers return of equity (ROE) at 27.25%. Check details below:
Hindustan Aeronautics Ltd To Consider Results, Dividend
As per the BSE filing of Hindustan Aeronautics Ltd dated February 4, 2025, “we would like to inform that, apart from considering the Audited Financial Results for the quarter and period ended 31st December, 2024, the Board of Directors of the Company in its meeting scheduled on Wednesday, the 12th February, 2025, will also consider, inter-alia, the declaration of first interim dividend for the financial year 2024-25.”
HAL Sets Record Date For Dividend
The exchange filing added, “it may be noted that, the Record date for the payment of first interim dividend for the financial year 2024-25, if declared, will be Friday, the 14th February, 2025.”
HAL Shares Performance
The 52-week high price of Hindustan Aeronautics shares on BSE is Rs 3729.40 per share (as on 09/07/2024) and 52-week low price is Rs 2826.00 per share (as on 13/02/2024), respectively. Hindustan Aeronautics shares zoomed 3.63% in last 1-week, fell 11.32% in last 1-month, slipped 20.57% in last 6-months, and surged 25.52% in last 1-year. In last 2-years, HAL stock surged 218.63% and rallied 432.63% in last 3-years. In last 5-years, HAL stock skyrocketed 851.67%.
Should You Buy Hindustan Aeronautics Shares?
The stock emerged as top pick from leading brokerage firm Elara Capital and Philip Capital. Elara Capital recommended buy call with target price of Rs 5465 and expected Rs 1.2 lakh crore inflows by FY 2026 pushed by defence contracts. Philips Capital suggested buy call as well with target price of Rs 5500 highlighting robust contract growth and an growing order book. Meanwhile, Stoxbox assigned buy call and call the stock as one of the best players in the defence sector.
HAL About
Hindustan Aeronautics is a leading aerospace and defense company, owned by the government of India. It has also become the 14th Maharatna Central Public Sector Enterprise (CPSE) in October 2024. It develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets, among others.
Disclaimer
The stock has been picked from the brokerage report of Elara Capital, Philip Capital and Stoxbox. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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