After Rs 15/Share Dividend, Multibagger PSU Stock Sets Record Date For 1:2 Stock Split

Large cap defence sector stock, Hindustan Aeronautics Ltd on Friday fixed 29th September as record date for stock split. The company earlier declared final dividend of Rs 15 per equity share of Rs 10 each fully paid up (150%) for financial year 2022-23. Hindustan Aeronautics shares gained 1.36% intraday. HAL stock offered return of 71% return in last 1-year and 192% return in last 2-years. Check details below:

Hindustan Aeronautics Sets Record Date For Stock Split: According to the BSE filing of the company, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that as indicated in our Letter No. CO/SEC/4(7)/2023-24/ BSE & NSE Filing/26 dated 27th June, 2023, the Company has fixed Friday, i.e. 29th September, 2023 as the Record Date, to ascertain the name of shareholders entitled for the sub-division/ split of existing 1 (one) Equity Share of face value of Rs. 10/- each fully paid up into 2 (Two) Equity Shares of Rs. 5/- each fully paid up."

Hindustan Aeronautics Dividend: The company in its regulatory filing dated August 24 stated, "This is with reference to the Final Dividend of Rs. 15/- per equity share of Rs. 10/- each fully paid up (150%) for the Financial Year 2022-23, to be considered by the shareholders in 60th Annual General Meeting (AGM) of the Company scheduled to be held on Thursday, 31St August, 2023 at 1500 Hours." HAL shares traded ex-dividend on August 24, 2023.

HAL Stock Performance & Return: Last trading price of HAL stock is Rs 3943.55 per share with intraday surge of 1.36% on BSE. The stock's 52-week high price is Rs 4138.80 apiece and 52-week low price is Rs 2242.00 apiece, respectively. Its market capitalisation is Rs 1,31,867.38 crore. Hindustan Aeronautics stock gained 55% YTD, rose 71% in last 1-year, witnessed a jump of 192% in last 2-years, and gained 342% in last 3-years. In last 5-years, Hindustan Aeronautics shares jumped 342%.

Hindustan Aeronautics Financials: The state run defence company HAL on August 11, 2023 announced its consolidated net profit at Rs 814 crore in first quarter of 2023, up 31% YoY from Rs 620 crore declared in the same quarter of preceding fiscal. But, on a sequential basis, the net profit declined 71% from Rs 2831 crore in the previous March quarter. The revenue from operations soared 8% to Rs 3915.35 crore for the quarter ended June 30 as against Rs 3622 crore announced in the corresponding quarter of last fiscal.

HAL About: Hindustan Aeronautics Ltd (HAL) is an aerospace and defense company, owned by the government of India. The company develops, designs, manufactures, and supplies aircraft, helicopters, avionics, and communications equipment for military and civil markets, among others.

Disclaimer: The stock just highlights the stock split, dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.