HAL shares jump 3% on reporting 77% YoY rise in Q1 PAT. Should you invest?

HAL shares jump 3% on reporting 77% YoY rise in Q1 PAT. Should you invest?

Shares of Hindustan Aeronautics (HAL) jumped 3% to a day’s high of Rs 4,787.70 on the BSE after the company reported a consolidated net profit of Rs 1,437 crore for the first quarter ended June 2024. This marks a 77% increase from Rs 814 crore reported in the same quarter last year. The company’s revenue … Read more

Defence stocks rally up to 19%, Paras Defence and GRSE among top gainers

Defence stocks rally up to 19%, Paras Defence and GRSE among top gainers

After recording double-digit gains last week, defence stocks rallied up to 19% on Tuesday morning with Paras Defence and GRSE topping the list. The shares of Paras Defence zoomed 19% to hit a fresh 52-week high of Rs 1,373.80 on BSE amid a block deal of 3.29 lakh shares, while PSU defence stock GRSE was … Read more