Hindustan Aeronautics rises on bagging contract for Avionics Upgrade of Dornier-228 Transport Aircraft
Hindustan Aeronautics is currently trading at Rs. 4411.00, up by 10.90 points or 0.25% from its previous closing of Rs. 4400.10 on the BSE.
The scrip opened at Rs. 4380.05 and has touched a high and low of Rs. 4418.00 and Rs. 4345.55 respectively. So far 12703 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5675.00 on 09-Jul-2024 and a 52 week low of Rs. 1994.45 on 10-Nov-2023.
Last one week high and low of the scrip stood at Rs. 4476.60 and Rs. 4130.80 respectively. The current market cap of the company is Rs. 293746.04 crore.
The promoters holding in the company stood at 71.64%, while Institutions and Non-Institutions held 20.23% and 8.13% respectively.
Hindustan Aeronautics has bagged contract for Avionics Upgrade of Dornier-228 Transport Aircraft, for enhancing IAF’s operational capability. Since the upgrade involves most of the indigenously designed and developed avionics sub-systems, it marks a significant step towards ‘Atmanirbhar Bharat Abhiyan’.
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.
