Synopsis :

HAL jumps on reports to sign Rs. 67,000 crore deal for 97 Tejas Mk-1A jets, boosting capacity, backed by a strong order pipeline, GE engine clarity, and CLSA’s ‘Outperform’ rating.

During Thursday’s trading session, shares of a company manufacturing and providing repair & maintenance services for aircraft and helicopters surged nearly 2.2 percent, after reports emerged that the Ministry of Defence is set to sign a Rs. 67,000 crore contract with the company for fighter jets.

At 12:47 p.m., the shares of Hindustan Aeronautics Limited were trading in the green at Rs. 4,774.35 on BSE, up by around 1 percent, as against its previous closing price of Rs. 4,723.45, with a market cap of Rs. 3.19 lakh crores. The stock has delivered negative returns of around 9 percent in one yea

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