HAL Share Price Soars in Recent Days 📈
HAL shares have been steadily rising in the past few days, trading above their 5-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving average price levels. The stock is not trading in the overbought or oversold zone, but is trading below its 10-day SMA.
As of Tuesday, June 11, 2024, HAL stock was trading at Rs 4,868, up by 1.15%. The following day, Wednesday, June 12, the share price increased by 0.79% to Rs 4,895.
Recently, several media houses reported that SEBI has imposed a penalty of Rs 20 lakh on Hindustan Aeronautics Limited for insider trading. However, the company clarified that there was no connection found to any insider trading activities by the company or any other individual.
In a separate order on June 7, 2024, SEBI imposed a penalty of Rs 20 lakh on Rajat Mishra for hindering SEBI’s investigation and overlooking the entire matter.
During yesterday’s trading session, HAL’s share price rose by 1.27% to reach Rs 4,805.55. The stock is currently up by 69.99% in 2024, with a total market capitalization of Rs 3,21,383.17 crore.
The price-to-earnings ratio of HAL shares is 10.93, while the price-to-book ratio is 41.78. The EPS stands at 113.57 points. As of March 2024, the Indian government held a 71.64% stake in HAL.
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