1:2 Stock Split: Multibagger PSU Defence Stock Falls 3.85% In Last 1-Week

Shares of leading defence sector company, Hindustan Aeronautics Ltd declined 3.85% in last 1-week. Last trading price of HAL share is Rs 3947.40 per share with intraday fall of 0.25%. HAL stock offered shareholders return of 181% in last 2-years and 55% return year-to-date. Earlier this month on September 1, Hindustan Aeronautics board fixed September 29 as record date for sub-division of shares in the ratio of 1:2. Check details below:

Hindustan Aeronautics Sets Record Date For Sub-Division Of Shares: According to the BSE filing of HAL's board dated September 1, 2023, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that as indicated in our Letter No. CO/SEC/4(7)/2023-24/ BSE & NSE Filing/26 dated 27th June, 2023, the Company has fixed Friday, i.e. 29th September, 2023 as the Record Date, to ascertain the name of shareholders entitled for the sub-division/ split of existing 1 (one) Equity Share of face value of Rs. 10/- each fully paid up into 2 (Two) Equity Shares of Rs. 5/- each fully paid up."

HAL Dividend: The company also announced final dividend of Rs 15/- per equity share earlier this year and the shares traded ex-dividend on August 24, 2023.

HAL Stock Performance & Return: Last trading price of HAL share is Rs 3947.40 per share on BSE. Its 52-week high price is Rs 4180.00 per share and 52-week low price is Rs 2242.00 per share, respectively. Hindustan Aeronautics has a market capitalisation of Rs 1,31,996.12 crore. Hindustan Aeronautics stock soared 42% in last 6-months, gained 369% in last 3-years, and rallied 325% in last 3-years.

Hindustan Aeronautics Financials: The state run defence company HAL on August 11, 2023 announced its consolidated net profit at Rs 814 crore in first quarter of 2023, up 31% YoY from Rs 620 crore declared in the same quarter of preceding fiscal. But, on a sequential basis, the net profit declined 71% from Rs 2831 crore in the previous March quarter. The revenue from operations soared 8% to Rs 3915.35 crore for the quarter ended June 30 as against Rs 3622 crore announced in the corresponding quarter of last fiscal.

HAL About: Hindustan Aeronautics Ltd (HAL) is an aerospace and defense company, owned by the government of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets, among others.

Disclaimer: The stock just highlights the decline in shares in last 1-week and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.