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Hindustan Aeronautics advances after good result

Capital Market 

Shares of Hindustan Aeronautics nudged higher after declaring good Q1 result.

Hindustan Aeronautics' consolidated net profit rose 33.4% to Rs 463.11 crore on a 17% increase in net sales to Rs 3,291.44 crore in Q1 June 2019 compared with Q1 June 2018. The result was announced after market hours yesterday, 13 August 2019.

Boosted by good result, the stock was currently up 4.26% to Rs 662.85. On BSE, 1,831 shares were traded on the counter, compared to a 2-week average of 926 shares. The stock hit a high of Rs 679.10 and a low of Rs 660 so far during the day.

Meanwhile, S&P BSE Sensex was up 387.95 points or 1.05% at 37,346.11.

Hindustan Aeronautics is an aerospace and defense company. The company designs and develops a range of aircrafts that include fighter aircrafts, trainer aircrafts, transport aircrafts, military helicopters and civil helicopters. It also develops aircraft engines, avionics and accessories.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 14 2019. 11:13 IST