HAL shares in focus after company wins Rs 500 crore bid to privately manufacture small satellite launch rockets
Hindustan Aeronautics Ltd (HAL) shares were in focus on Friday after the company secured a key win in India's growing space sector.
HAL has been selected by the Indian National Space Promotion and Authorization Center (IN-SPACe) to manufacture Small Satellite Launch Vehicles (SSLVs), marking a significant step in private participation in the country's space ambitions. The company reportedly won the bid with an offer of ₹500 crore for the SSLV technology.
On the stock front, HAL opened at ₹4,910 and, at the time of writing, touched an intraday high of ₹4,969.70 and a low of ₹4,853. The stock has been strong in the past year, trading well above its 52-week low of ₹3,046.05 but still below its 52-week high of ₹5,674.75.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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