HAL hits record high as firm's board to consider stock split on June 27 | Watch here
HAL share price NSE, HAL stock split: The public sector aerospace and defence company's stock gained ahead of the scheduled board meeting later this month, on June 27, to consider the stock split proposals.
HAL share price NSE, HAL stock split: Shares of Hindustan Aeronautics on Friday surged 3 per cent, touching an all-time high of Rs 3,785 on the NSE. The public sector aerospace and defence company's stock gained ahead of the scheduled board meeting later this month, on June 27, to consider the stock split proposals. The scrip opened at Rs 3,609, up from the previous close of Rs 3,632. HAL shares finished at Rs 3,743.45, up by 6.12 per cent or Rs 216.05 on NSE.
"A meeting of the Board of Directors of the company will be held on June 27 (Tuesday) to consider a proposal for the sub-division of equity shares of the company," the PSU company's regulatory filing on Thursday said. A stock split of equity shares is one of the corporate actions where a company divides or subdivides its shares in a specified ratio that leads to a split of face value and increases the number of shares.
Hindustan Aeronautics shares have yielded multi-bagger returns to investors. HAL has delivered a return of around 300 per cent in the last five years, while the stock has nearly doubled in the last year (June 9, 2022). The Bengaluru-headquartered HAL was established in December 1940. HAL is one of the oldest and largest aerospace and defence manufacturers in the world.
Catch latest minute-by-minute stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 5 Small-Cap Funds With Best SIP Returns in 3 Years: What Rs 5,000 and Rs 10,000 SIPs in each fund have given
In this guaranteed return scheme, you get Rs 2,24,974 as interest on Rs 5,00,000 investment; know details
Gold and Silver rates today (May 27, 2024): MCX gold jumps after sharp losses last week, silver nears Rs 92,100/kg levels
70:15:15 Investment Strategy: Can you build over Rs 1 crore corpus with just Rs 20,000 salary? Know calculations
Awfis Space Solutions IPO allotment today: How to check allotment status online on BSE, Bigshare Services
05:37 PM IST