Don't miss action in this defence stock that made a fresh all-time high on Wednesday!

Shares of Hindustan Aeronautics Ltd. are trading on all time high as the share price rose by 6.46 per cent on Wednesday to Rs 2678.

Shares of Hindustan Aeronautics are trading on all time high as the share price rose by 6.46 per cent on Wednesday to Rs 2678. It has given 10 per cent returns in last 5 trading sessions. The company has attracted investors in past sessions due to some positive news revolving around it.

With more orders being received, the stock has given more than annual FD returns in just 5 days. Stock witnessed 3.53 times spurt in volume on Wednesday.

Hindustan Aeronautics limited is primarily catering to the defence sector as it manufactures helicopters, aircraft and also repairing of the same. It is the only Indian company which specializes in the production of advanced technology aircrafts. Company’s revenue has grown by 42 per cent in Q2FY23 as compared to Q1FY23. It has an order book of Rs. 85000 crores as of Q1FY23 and has received order for 9 more aircrafts from government of India.

The stock has given returns of 13.6 per cent in one month and 88 per cent in a year as of today.

Investors should keep an eye on this stock for long-term perspective.