Hindustan Aeronautics shares surge 10%, hit 52-week high

Shares of Hindustan Aeronautics (HAL) climbed 10 per cent to Rs 885, also its fresh 52-week high on the BSE on Tuesday, after receiving approval for enhancing working capital limit.

“The Competent Authority has granted its approval for enhancement of working capital limit from Rs 7,300 crore to Rs 12,050 crore including issuance of commercial papers of maximum of Rs 5,000 crore, as sanctioned by SBI and other consortium banks,” HAL said in an exchange filing.

With today’s gain, the stock of the state-owned aerospace company has rallied 20 per cent in the past seven trading days, after