Rs 94,000 Crore Order Book: LIC Increases Stake in Q1 FY25; Stock Gains Over 150 per cent in Just 1 Year!
The shares of the company gained more than 420 per cent in the last 2 years.
The defence sector is increasingly attracting investors' attention. LIC, one of India's largest institutional investors, has consistently raised its stake in a prominent defence stock over the past 3 quarters. This strategic move reflects growing confidence in the sector.
Hindustan Aeronautics Limited (HAL) is involved in manufacturing aircraft and helicopters, as well as their repair and maintenance. HAL plays a strategic role in India’s defense program, being the sole Indian company with expertise in aircraft manufacturing and the provision of maintenance and related services.
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On Friday Hindustan Aeronautics Limited shares closed the day at Rs 4906.35 per share on the BSE. The company's current market capitalization stands at Rs 3,28,124.42 crore, and the stock has generated an impressive multibagger return of over 150 per cent in the past 1 year.
As per the Quarterly Results, in Q4 FY24, Hindustan Aeronautics Limited recorded a revenue of Rs 14769 crore. The operating profit for Q4 FY24 stood at Rs 5896 crore. The net profit for Q4 FY24 was Rs 4292 crore. Looking at the annual performance, the company generated a revenue of Rs 30381 crore in FY24, compared to Rs 26928 crore in FY23. The operating profit for FY24 was Rs 9739 crore with a net profit of Rs 7595 crore.
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According to the shareholding pattern of Hindustan Aeronautics Limited, promoters own a 71.64 per cent stake, while public investors hold 7.86 per cent. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) hold 11.68 per cent and 8.81 per cent stakes, respectively.
Investors must keep this Large-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.