Hindustan Aeronautics hits over 2-month high on Q4 results

Reuters Updated - May 28, 2019 at 04:08 PM.

Shares of Hindustan Aeronautics Ltd (HAL) are up as much as 5.05 per cent, their highest since March 27.

The stocks of HAL ended higher by 2.28 per cent at ₹722.05.

The State-owned aerospace and defence company posted a 13 per cent jump in March-quarter profit to ₹1,177 crore($168.92 mln) on Monday. Expenses relating to capital and other accounts fell 36.7 per cent.

Up to Monday's close, the stock is down 12.6 per cent this year ($1 = ₹69.6790)

Published on May 28, 2019 04:53