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Defense stock gets order worth Rs 194 crore from Guyana, shares rise, money doubles in 1 year

  • HAL Share Price: Shares of government company Hindustan Aeronautics Limited have seen a rise of more than 2 percent in the stock market today. The company has received work worth Rs 194 crore from the Government of Guyana.

PSU Stock: A jump of more than 2 percent has been seen in the shares of government company Hindustan Aeronautics Limited today. This rise in the shares of the company has been seen after the mill work order from the Government of Guyana. On March 26, this PSU company informed that the Government of Guyana has given them a work order worth Rs 194 crore.

Hindustan Aeronautics Limited will supply 2 Hindustan-228 commuter aircraft to Guyana. Apart from this, the company will provide a list of spare parts and will also provide all the resources to handle and support this aircraft on the ground. On Tuesday, the company’s shares opened at the level of Rs 3194.70 in BSE. The company’s intra-day high is Rs 3260.70 per share.

Last week also the company had received a big order

Last week, the company had told that it has received an order worth Rs 2890 crore from the Defense Ministry. The order book of the company in the financial year 2023 was Rs 80,000 crore. Brokerage firm UBS believes that work orders will reach the level of Rs 2.4 lakh crore by financial year 2026.

Company’s performance excellent in 1 year

During the last one year, the company’s share prices have seen an increase of 147 percent. At the same time, investors who have been holding the stock for 6 months have made a profit of 67.80 percent so far. Talking about the last one month, this multibagger stock has given a return of 8 percent.

According to Money Control report, broking firm UBS believes that the stock can go up to Rs 3600. Let us tell you, the total stake of the company government is 71.6 percent.

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