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HAL surges 17% in 5 days after it signs $716-mn deal with GE Aviation

Shares of Hindustan Aeronautics (HAL) hit a 52-week high of Rs 1,245.90 after they surged 7 per cent on the BSE in the intra-day trade on Wednesday

Indigenous Tejas light combat aircraft, lca, HAL, iaf, indian air force
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SI Reporter Mumbai
Shares of Hindustan Aeronautics (HAL) hit a 52-week high of Rs 1,245.90 after they surged 7 per cent on the BSE in the intra-day trade on Wednesday. The stock of the state-owned company surpassed its previous high of Rs 1,214.95, touched on August 25, 2020. It had hit a record high of Rs 1,424 on August 14, 2020.

HAL is a public sector enterprise, 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.

In the past five trading days, the market