Stock of this PSU defence company has zoomed 113% thus far in 2022

HAL said the company is deeply dedicated towards manufacturing of indigenous aircraft and helicopter under Atmanirbhar Bharat

Shares of Hindustan Aeronautics (HAL) continued at their northward journey, hitting a new high of Rs 2,578 on the BSE, as they rallied 6 per cent in Monday's intra-day trade on strong outlook amid healthy order visibility. Thus far in the current calendar year 2022 (CY2022), the stock of the state-owned aerospace & defense company has zoomed 113 per cent as compared to 1.7 per cent rise in the S&P BSE Sensex.

HAL debuted on the bourses in March 2018. The company had raised Rs 4,113 crore through initial public offering (IPO) by issuing shares at Rs 1,215 per