Multibagger Navratna Stock Sets Record Date For 1st Interim Dividend

Hindustan Aeronautics Limited (HAL) is a Navaratna Status Public Sector Undertaking under Ministry of Defence. It also undertook the design and development of aircraft indigenously. In January 1951, Hindustan Aircraft Limited was placed under the administrative control of Ministry of Defence, Government of India.

The company has fixed record date for 1st interim dividend on November 4, 2022. The stock rallied 0.62% intraday. It has a market capitalisation of Rs 85,618.25 crore. Check key takeaways below:

1. Hindustan Aeronautics Ltd Fixes Record Date For 1st Interim Dividend

The board of directors of HAL stated in its BSE filing on Friday, "Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that a meeting of the Board of Directors of the Company will be held on Friday, the 11thNovember, 2022, to consider, inter-alia, the Audited Financial Results of the Company, for the quarter and half year ended 30th September, 2022 and the declaration of first interim dividend for the financial year 2022-23."

Record date for the payment of first interim dividend, if declared, will be Monday, 21st November, 2022.

2. Hindustan Aeronautics Ltd Stock Performance

The last trading price of HAL is Rs 2560 apiece. Its 52-week high is quoted at Rs 2560 apiece and 52-week low is quoted at Rs 1181 apiece, respectively.

3. Hindustan Aeronautics Ltd Return

The stock has given multibagger returns to investors with 3-years return at 229%, 1-year return at 91%, and 3-months return at 28%.

4. About HAL

The large-cap company operates in Defence sector. The company had built aircraft and engines of foreign design under licence, such as Prentice, Vampire & Gnat. The history and growth of Hindustan Aeronautics Limited is synonymous with the growth of Aeronautical industry in India for more than 79 years.

The Company has a comprehensive Design and Development capability in the field of aerospace.

Disclaimer

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