Hindustan Aeronautics jumps on getting long term rating upgrade by ICRA
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Hindustan Aeronautics is currently trading at Rs. 1336.10, up by 19.70 points or 1.50% from its previous closing of Rs. 1316.40 on the BSE.
The scrip opened at Rs. 1316.40 and has touched a high and low of Rs. 1337.85 and Rs. 1312.80 respectively. So far 10883 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1568.45 on 18-Oct-2021 and a 52 week low of Rs. 884.00 on 28-Jan-2021.
Last one week high and low of the scrip stood at Rs. 1337.85 and Rs. 1257.00 respectively. The current market cap of the company is Rs. 44629.03 crore.
The promoters holding in the company stood at 75.15%, while Institutions and Non-Institutions held 21.40% and 3.45% respectively.
Credit rating agency -- ICRA has upgraded the long term rating of Hindustan Aeronautics to ‘AAA’ from ‘AA+’. The agency has also revised outlook to stable from positive.
Hindustan Aeronautics is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.
