HIndustan Aeronautics Ltd up by 7.32 percent | Espresso

EspressoLogy

Espresso Shot of the Day - HIndustan Aeronautics Ltd up by 7.32 percent

February 16, 2023
Espresso Shot of the Day - HIndustan Aeronautics Ltd up by 7.32 percent

HINDUSTAN AERONAUTICS LTD 2666.20 (+7.32%) BSE – INE066F01012| 16th February 2023

https://www.myespresso.com/images/Espresso-newsletter-graph-image_%20HAL%20-202302161844537683442.jpg

Hindustan Aeronautics Limited (HAL) is a public sector enterprise that is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including aircraft helicopters, aero-engines, avionics, accessories, and aerospace structures. The Navratna status provides the company with a strategic and operational autonomy and enhanced powers to make prompt investment decisions subject to an overall investment ceiling set by the GoI. In 2008, the company created a separate Helicopter Complex. In 2015 the company carried out restructuring of all R&D Centres under Design Complex.


Recent Drivers

  • The Hindustan Aeronautics Ltd said on February 15, 2023 that it has received the Indian Technical Standard Order (ITSO) authorization from the Directorate General of Civil Aviation for its indigenously developed Cockpit Voice Recorder (CVR) and Flight Data Recorder (FDR).
  • The Hindustan Aeronautics Ltd has an order book position of Rs.84,000 crores and another Rs.50,000 crores worth of orders are in the pipeline, its Chairman and Managing Director C B Ananthakrishnan said on February 14,2022.
  • GE Marine and Hindustan Aeronautics Limited said on February 14,2022 that they have signed a Memorandum of Understanding to explore the expansion of HAL's manufacturing capabilities to include assembly, inspection and testing (AIT) of the LM500 marine gas turbine.
  • On February 9, 2023, Hindustan Aeronautics Ltd reported a quarterly net profit of Rs. 1,155.19 crores in December 2022, up 23.76% from the Rs.933.40 crores reported in December 2021.
  • On February 9, 2023, Hindustan Aeronautics Ltd reported a quarterly net sale of Rs.5,665.54 crores for the quarter-ended December 2022.
  • Prime Minister Narendra Modi on February 6,2023 inaugurated the Hindustan Aeronautics Limited's helicopter factory -- the country's largest chopper manufacturing facility -- in Tumakuru district of Karnataka. HAL plans to produce more than 1,000 helicopters in the range of 3-15 tonne with a total business of more than Rs.4 lakh crores over a period of 20 years at this facility.
             (Sources: BSE, Business Standard, Money control)


Technical Force*

  • S&P BSE 200 month till date gain by 1.00%.
  • 3 months avg. NSE volume: 8,29,449
  • Quantity traded: 2,02,925| Deliverable quantity: 60,898 (30.01%)
  • Stock price jumped by more than 100 % from a one-year low level: 1,248.65 (February 24, 2022)
  • Daily RSI (14) is in oversold territory today.
  • 52-week-high 2,812.75| 52-week-low: 1,248.65


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

4762.22

3787.48

3159.47

2184.73

1556.72

581.98

-

-

Fibonacci Pivot

3787.48

3175.23

2796.98

2553.37

2184.73

1816.10

1572.48

1194.23

5.98


Today’s Close

2666.20

SMA

BSE

10 DAY

2448.67

20 DAY

2462.13

50 DAY

2514.99

200 DAY

2248.98


Some Key Ratios (Source: BSE)

Market Cap:  89,154.40 Crores

PE:  14.68

OPM%: 26.17

ROE%:  29.12

Promoters holding%: 75.15

Prev. Close:  2484.45


https://www.myespresso.com/images/espresso_shot_blog_credit_image-202212011811370680578.jpg

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 Espresso Financial Services Pvt. Ltd 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. Espresso Financial Services Pvt. 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.