HAL Now More Valued Than NTPC, Tata Motors As Market Cap Crosses ₹3.66 Lakh Cr

Hindustan Aeronautics Limited’s (HAL) market capitalisation has raced ahead of several major listed companies as the stock continued its bull run becoming one of the top 20 most valued companies in the country.

What Happened: Shares of the defence manufacturer surged up over 5% to hit a new all-time high of ₹5,497.90 on Tuesday. The surge today comes as the company received a major request for proposal from the Defence Ministry for 156 homegrown light combat helicopters.

With this surge in shares, HAL's market capitalisation was at over ₹3.66 lakh crore surpassing major companies like Tata Motors, NTPC, Kotak Mahindra Bank and 31 other companies in the Nifty 50.

Nifty 50 CompaniesMarket Cap (In ₹ lakh crore)
Sun Pharma3.63
Kotak Mahindra Bank3.39
Tata Motors3.29
Ultratech Cement3.20
Adani Ports3.11
Power Grid Corporation3.05
Coal India3.00
Asian Paints2.79
Bajaj Auto2.77
Bajaj Finserv2.53
Nestle India2.44
Tata Steel2.27
JSW Steel2.25
SBI Life Insurance1.46
Eicher Motors1.35
Tech Mahindra1.34
HDFC Life1.28
Divi’s Labs1.20
IndusInd Bank1.17
Hero Motocorp1.16
Tata Consumer Products1.06
Shriram Finance1.04
Dr Reddy’s1
Apollo Hospitals0.88
Market Cap as of 18 June.

HAL shares, along with other defence stocks have been on a strong bull over the past year. In just the last six months, the stock has surged up over 90%.

Price Action: HAL’s share price was up 5.30% to trade at ₹5,476 at the time of writing on Tuesday.

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Posted In: EquitiesLarge CapNewsMarketsHAL