Hindustan Aeronautics Ltd up by 6.16% - Traders Corners | Espresso

EspressoLogy

Espresso Shot of the Day - Hindustan Aeronautics Ltd up by 6.16 percent

March 16, 2022
Espresso Shot of the Day - Hindustan Aeronautics Ltd up by 6.16 percent

HINDUSTAN AERONAUTICS LTD 1460.60  (+6.16%) BSE – INE066F01012 | 16th MARCH 2022

In August 1963, Aeronautics India Limited (AIL) was incorporated as a company wholly owned by the Government of India, to undertake the manufacture of MiG-21 aircraft under license. Amalgamation of the two companies; that is, Hindustan Aircraft Limited and Aeronautics India Limited, was brought about on Oct 1, 1964, by an Amalgamation Order issued by the Government of India. And the company after the amalgamation was named Hindustan Aeronautics Limited (HAL) with its principal business being design, development, manufacture, repair and overhaul of aircraft, helicopters, engines and related systems like avionics, instruments and accessories.


Recent Drivers

  • On Mar 16, 2022, the company has signed a memorandum of understanding (MoU) with French aerospace engine firm Safran to extend cooperation and explore opportunities for new helicopter engines.
  • On Feb 11, 2022, the company has reported net sales of Rs 5,891.9 crores in December 2021, up 8.6% from Rs 5,425.46 crores in December 2020.
  • On Feb 11, 2022, the company has reported quarterly net profit of Rs 933.4 crores in December 2021, up 9.37% from Rs 853.47 crores in December 2020.
  • On Feb 10, 2022, the company has declared second interim dividend of Rs 26 per equity share of Rs 10 each.
  • On Jan 25, 2022, the company has received an order from the Commissioner of Income Tax on Jan 24, 2022, for refund of Rs 109.58 crores that includes interest of Rs 25.96 crores for the assessment year 2007-08.
  • On Jan 28, 2022, the company signed a Rs 2,400 crores contract with defense public sector unit Bharat Electronics Limited (BEL) for development and supply of 20 types of systems for LCA (Light Combat Aircraft) Tejas Mk1A program.
  • On Jan 12, 2022, ICRA has reaffirmed rating for Commercial paper as A1+ and for Short term, Non-fund based issue as A1+.
(Sources: Business Standard, Moneycontrol, BSE, Livemint)


Technical Force*

  • S&P BSE 200 month till date gain up by 1.07%
  • 3 months avg. NSE volume: 671,705
  • Quantity traded: 1, 36,009 | Deliverable quantity: 82,884 (60.94%)
  • Stock price has jumped by more than 55% from a one-year low level: 925 (Apr 19, 2021)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 1568.45 | 52-week-low: 925


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 2291.62

1930.03

1570.97

1209.38

850.32

488.73

129.67

    -

Fibonacci Pivot

1930.03

 1654.75

1484.67

1375.13

1209.38

1043.63

934.10

764.02

488.73


Today’s Close

1460.60

SMA

BSE

10 DAY

1370.80

20 DAY

1351.68

50 DAY

1361.72

200 DAY

1263.63


Some Key Ratios (Source: BSE)

Market Cap: 48,840.64 crores

PE: 13.57

OPM%: 27.59

ROE%: 21.91

Promoters holding%: 75.15

Prev. Close: 1375.85



*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.