Hindustan Aeronautics Limited (HAL) share price closed at ₹4,654.40, down 0.89% from the previous close, on September 9, 2024. The stock traded in the range of ₹4,638.00 to ₹4,701.00 during the day.
Main Points
HAL stock has had a mixed performance in September over the years. In the last 7 years, the stock has given negative returns in 4 years during the month of September. The maximum positive change was 8.65% while the maximum negative change was -12.96%.
HAL Dividend and Corporate Actions
HAL recently announced a final dividend of 260% (₹13 per share) with an ex-dividend date of August 21, 2024. The company has also announced several board meetings for quarterly results and dividend declarations in the past year.
HAL Peer Comparison
HAL has a market capitalization of ₹3,12,651 crore as of August 28, 2024. The stock has a P/E ratio of 37.98 and a P/B ratio of 10.75. In comparison, some of its peers like Thermax, Jupiter Wagons, and Titagarh Railsystems have P/E ratios of 73.44, 64.35, and 64.66 respectively.
HAL Future Outlook
Analysts remain bullish on HAL’s future prospects. The company has a strong order book and is expected to benefit from the government’s focus on defense indigenization. However, investors should do their own research and consult with financial advisors before making investment decisions.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
