Hindustan Aeronautics rises on signing contract with Argentinian Air Force
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Hindustan Aeronautics is currently trading at Rs. 2530.00, up by 45.55 points or 1.83% from its previous closing of Rs. 2484.45 on the BSE.
The scrip opened at Rs. 2500.00 and has touched a high and low of Rs. 2537.00 and Rs. 2485.00 respectively. So far 16726 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2812.75 on 06-Dec-2022 and a 52 week low of Rs. 1248.65 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 2537.00 and Rs. 2380.00 respectively. The current market cap of the company is Rs. 83076.90 crore.
The promoters holding in the company stood at 75.15%, while Institutions and Non-Institutions held 19.85% and 4.99% respectively.
Hindustan Aeronautics has signed a contract with Argentinian Air Force (AAF) for supply of spares and engine repair of legacy two tonne class helicopters. Earlier, the company had collaborated with General Atomics Aeronautical Systems Incorporated (GA-ASI) for providing MRO support for turbo-propeller engines which power the state-of-art MQ-98 Guardian High Altitude Long Endurance (HALE) Remotely Piloted Aircraft System (RPAS) manufactured by GA-ASI, for the Indian market.
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.
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