Hindustan Aeronautics Shares Soared 500 Percent in 3 Years FII Increasing Stake – Business News India
read on the appShares of state-owned defense company Hindustan Aeronautics Limited (HAL) have given multibagger returns to investors. The shares of the company have increased from
Rs 500 to Rs 3000 in the last 3 years. Hindustan Aeronautics shares have given a return of 511% in a period of 3 years. The 52-week high level of the company's shares is Rs 3168.
At the same time, the 52-week low level of the company's shares is Rs 1629. Rs 1 lakh became more than 6 lakh in 3 yearsThe shares of Hindustan Aeronautics Limited (HAL) were at
the level of Rs 501.35 on the Bombay Stock Exchange (BSE) on 8 May 2020. The shares of the company are at the level of Rs 3069.65 on May 19, 2023 in BSE. If a person had invested
Rs 1 lakh in Hindustan Aeronautics shares on May 8, 2020 and had maintained his investment, this money would have been worth Rs 6.12 lakh at present. Also read - No irregularities
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Foreign investors are continuously increasing stakeThe stock of Hindustan Aeronautics Limited
(HAL) continues to be a favorite of Foreign Institutional Investors (FIIs). Foreign investors have increased their stake in the government defense company continuously for the last
4 quarters. Foreign investors' stake in the company has increased to 9.07 per cent in the quarter ended March 31, 2023, from 4.37 per cent in the year-ago period. This has been
said in a report of Economic Times. Also read- Investors disappointed with the quarterly results started selling shares of the pharma company, lower circuit of 20%
Mutual funds also increased stake in the companyMutual funds have also steadily increased their holding in Hindustan Aeronautics Limited. Mutual funds' holding in Hindustan
Aeronautics rose to 8.84% at the end of March 2023 quarter from 6.05% at the end of December 2021 quarter. Most analysts are bullish on Hindustan Aeronautics given its strong order
book and revenue growth prospects.
Disclaimer: Information provided here is only about stock performance and does not constitute investment advice. Investment in share
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