Now HAL will make more rockets, there was a huge rise in the shares of the defense company, the share price reached Rs 4800.

There has been a tremendous rise in the shares of Hindustan Aeronautics Limited (HAL), a company related to aerospace and defense industry. Shares of Hindustan Aeronautics rose by about 10 percent on Thursday to reach Rs 4799.90. HAL shares have increased by more than 30% in the last one month. A new facility has been inaugurated in the aerospace division of Hindustan Aeronautics. The company will now be able to produce more rockets than before. The 52-week high level of shares of Hindustan Aeronautics Limited is Rs 5434.90. At the same time, the 52-week low level of the company’s shares is Rs 1730.50.

Now the company will be able to produce 6 rockets
ISRO Chairman S Somnath on Wednesday inaugurated the Propellant Tank Production and Computer Numerical Control (CNC) Machining Facility at the Aerospace Division of Hindustan Aeronautics Limited in Bengaluru. HAL’s new facility will support the Launch Vehicle Mark-3 (LVM 3) programme. Current capacity allows only two LVM 3 launches per year. At the same time, the new facility will support the production of 6 LVM 3 rockets every year.

The company’s shares have jumped more than 170% in a year
Shares of Hindustan Aeronautics Limited (HAL) have jumped by more than 170 percent in the last one year. The shares of the defense company were at Rs 1744.35 on June 7, 2023, which reached a high of Rs 4799.90 on June 6, 2024. At the same time, in the last 6 months, the shares of the defense company have seen a rise of more than 75 percent. The shares of Hindustan Aeronautics Limited were at Rs 2690.30 on 7 December 2023, which has reached very close to Rs 4800 on 6 June 2024. So far this year, shares of Hindustan Aeronautics have risen by more than 68 percent. In the last 4 years, shares of Hindustan Aeronautics Limited have increased by more than 1400%. Shares of the defense company were at Rs 315.20 on June 5, 2020. The shares of the company have reached Rs 4799.90 on 6 June 2024.