Hindustan Aeronautics soars on signing MoU with Wipro 3D

03 Jan 2020 Evaluate

Hindustan Aeronautics is currently trading at Rs. 753.00, up by 16.85 points or 2.29% from its previous closing of Rs. 736.15 on the BSE.

The scrip opened at Rs. 736.25 and has touched a high and low of Rs. 754.40 and Rs. 724.80 respectively. So far 2117 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 828.00 on 04-Jan-2019 and a 52 week low of Rs. 603.25 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 754.40 and Rs. 720.00 respectively. The current market cap of the company is Rs. 24463.79 crore.

The promoters holding in the company stood at 89.97%, while Institutions and Non-Institutions held 8.74% and 1.29% respectively.

Hindustan Aeronautics (HAL) has inked a Memorandum of Understanding (MoU) with Wipro 3D, the metal additive manufacturing business of Wipro Infrastructure Engineering, to design, develop, test, manufacture, and repair of aerospace components using metal additive technology.

The initiative will focus on development, prove out and production of aerospace applications including MRO (maintenance, repair, overhaul) using metal additive manufacturing. Prove-outs and certification of components developed using metal 3D printing is also a key element of this cooperation.

HAL is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.

Hindustan Aeron Share Price

5289.00 311.15 (6.25%)
03-Jun-2024 15:38 View Price Chart
Peers
Company Name CMP
Hindustan Aeron 5289.00
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Data Patterns (I) 2977.80
Rossell India 447.80
Paras Defence &Space 933.50
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