Hindustan Aeronautics rises on inking pact with Safran Helicopter Engines
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Hindustan Aeronautics is currently trading at Rs. 3848.00, up by 11.30 points or 0.29% from its previous closing of Rs. 3836.70 on the BSE.
The scrip opened at Rs. 3860.00 and has touched a high and low of Rs. 3913.60 and Rs. 3834.00 respectively. So far 34523 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3950.00 on 19-Jun-2023 and a 52 week low of Rs. 1718.00 on 15-Jul-2022.
Last one week high and low of the scrip stood at Rs. 3946.50 and Rs. 3741.05 respectively. The current market cap of the company is Rs. 128801.05 crore.
The promoters holding in the company stood at 71.64%, while Institutions and Non-Institutions held 22.54% and 5.82% respectively.
Hindustan Aeronautics has signed an agreement with Safran Helicopter Engines SAS for setting up the joint venture (JV) to carry out business of design, development, certification, production, sale & support of helicopter engines with one of the first opportunities identified as engine for Indian Multi Role Helicopter (IMRH) & Deck Baseq Multi Role Helicopter (DBMRH) projects.
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.
