Hindustan Aeronautics m-cap crosses Rs 2 trn; zooms 123% in 10 months

HAL hit a new high at Rs 3,039, and is now the seventh PSU to trade with a market capitalisation of more than Rs 2 trillion

Hindustan Aeronautics (HAL), on Friday, joined the elite group of companies having market capitalisation (market cap) of Rs 2 trillion with the stock of the state-owned defence firm more-than-doubling in the past 10 months.

Shares of HAL hit a new high of Rs 3,038.60, surging 5 per cent on the BSE in toda's intraday trade, on strong business outlook. In the past 10 months, the stock has zoomed 123 per cent. Moreover, it has skyrocketed 1,257 per cent from its March 2020 lows from level of Rs 224 (adjusted to 1:1 stock split).

HAL's market cap hit Rs 2.03 trillion in the