01 April 2024 – After Hindustan Aeronautics inked a Rs 1,173.42-crore deal with Cochin Shipyard Limited (CSL), the company’s shares surged by 2% in the first trading session on April 1. Hindustan Aeronautics’ quote for Rs 3,404.25 was up Rs 77.00, or 2.31 percent, on the BSE at 9:32 a.m.
“The company has signed a contract with Cochin Shipyard Limited (CSL), Kochi, for the supply of 6 sets of LM2500 Gas Turbines (GT) and GT Auxiliaries (GTAE), spares, tools for Indian Navy Next Generation Missile Vessel (NGMV) project,” according to a news statement.
The Guyana Defence Force (GDF), the government of Guyana, and the company signed a contract on March 22 for the supply of two Hindustan-228 commuter aircraft, ground handling/ground support equipment, training, and handholding at a total cost of MUSD 23.37 (roughly Rs 194 crore).
Conclusion
On September 11, 2023, and October 26, 2023, the share reached a 52-week high of Rs 4,180.00 and a 52-week low of Rs 1,767.95. The stock is now trading 92.55 percent above its 52-week low and 18.56 percent below its 52-week high.
