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 Companies | Market Cap (In ₹ lakh crore) |
|---|---|
| Sun Pharma | 3.63 |
| NTPC | 3.60 |
| ONGC | 3.53 |
| Kotak Mahindra Bank | 3.39 |
| Tata Motors | 3.29 |
| Ultratech Cement | 3.20 |
| Titan | 3.20 |
| Adani Ports | 3.11 |
| Power Grid Corporation | 3.05 |
| Coal India | 3.00 |
| Asian Paints | 2.79 |
| Bajaj Auto | 2.77 |
| Wipro | 2.55 |
| Bajaj Finserv | 2.53 |
| Nestle India | 2.44 |
| Tata Steel | 2.27 |
| JSW Steel | 2.25 |
| Grasim | 1.63 |
| Hindalco | 1.53 |
| LTIMindtree | 1.51 |
| SBI Life Insurance | 1.46 |
| BPCL | 1.36 |
| Eicher Motors | 1.35 |
| Tech Mahindra | 1.34 |
| Britannia | 1.29 |
| HDFC Life | 1.28 |
| Cipla | 1.26 |
| Divi’s Labs | 1.20 |
| IndusInd Bank | 1.17 |
| Hero Motocorp | 1.16 |
| Tata Consumer Products | 1.06 |
| Shriram Finance | 1.04 |
| Dr Reddy’s | 1 |
| Apollo Hospitals | 0.88 |
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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