HAL Granted ‘Maharatna’ Status: Shares Surge, Market Cap Crosses ₹3.2 Lakh Crore
HAL Granted ‘Maharatna’ Status: Shares Surge, Market Cap Crosses ₹3.2 Lakh Crore
Hindustan Aeronautics Limited (HAL) received the prestigious ‘Maharatna’ status, boosting its shares by over 2%. The stock hit ₹4,544.80 on the NSE following the announcement. In the past year, HAL’s stock has seen a 129% rise, with a 526% increase in three years. With this new status, HAL’s market capitalization now exceeds ₹3.2 lakh crore. The company recorded a profit of ₹7,595 crore in FY 2023-24, reinforcing its position as a key player in India’s defense sector and supporting its self-reliance mission.
HAL’s ‘Maharatna’ Status and Impact on Stock Performance
HAL has become the 14th company to achieve the ‘Maharatna’ title, further solidifying its role in India’s defense industry. Following this recognition, the stock surged 2.22%, reflecting investor confidence.
