After Delivering 106% Return In 1-Yr, PSU Defence Co To Consider Stock Split This Week

Board of directors of large cap Indian public sector aerospace and defence company, Hindustan Aeronautics Ltd are scheduled to meet on June 27, 2023 to consider the proposal of stock split. Hindustan Aeronautics Shares delivered 46% return in just last 3-months and multibagger returns of 106% in last 1-year only. Check details below:

Hindustan Aeronautics To Consider Sub-Division Of Shares On June 27: As per the BSE filing of HAL, "Pursuant to Regulation 29(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that a meeting of the Board of Directors of the Company will be held on Tuesday, the 27th June, 2023, to consider, inter-alia, a proposal of sub-division of equity shares of the Company pursuant to the provisions of Section 61 (1 )(d) of Companies Act, 2013."

HAL Stock Performance & Return: Last trading price of HAL share is Rs 3640.20 per share with intraday fall of 3.28% as of June 23, 2023 on BSE. The stock's 52-week high price is Rs 3950.00 per share and 52-week low price is Rs 1718.00 per share, respectively. It has a market capitalisation of Rs 1,21,723.74 crore. Hindustan Aeronautics stock delivered 49% return in last 6-months, gave 106% return in last 1-year, offered 256% return in last 2-years, and jumped a massive 411% in last 3-years.

HAL Dividend And Dividend Yield: Earlier this year, Board of Directors of the HAL, at its meeting held on 10 March, 2023, declared second interim dividend of Rs.20 per equity share. The total interim dividend declared for the Financial Year 2022-23 is Rs.40 per equity share of Rs 10 each fully paid up (400%).

If the current share price of Rs 3640.20 is taken into consideration, HAL offers a dividend yield of 1.1%.

Hindustan Aeronautics About: The Company which had its origin as Hindustan Aircraft Limited was incorporated on 23 Dec 1940 at Bangalore. In January 1951, Hindustan Aircraft Limited was placed under the administrative control of Ministry of Defence, Government of India. The Company has a comprehensive Design and Development capability in the field of aerospace, according to its official website.

Disclaimer: The board of directors of the PSU company will meet on June 27 to consider stock split Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.