HAL hits all-time high after Zee Business reports L&T and Dynamatic Tech may receive large orders from aeronautics firm

Hindustan Aeronautics Limited hit an all-time high, Larsen and Toubro was trading lower, while Dynamatic Tech soared over 8.50 per cent on BSE on Tuesday (March 5, 2024) after Zee Business in exclusively reported that both companies may get large orders from HAL.

HAL Share Price

The stock of the aeronautics company hit an all-time high of Rs 3,266.60 on Tuesday after closing at Rs 3214.45 a day ago.

The stock ended the trading session on Tuesday, up by 0.82 per cent, or Rs 26.25 at Rs 3240.70.

It was also the first time that the company's market value crossed the Rs 2 lakh crore mark.

Its M-cap at present stands at Rs 2,16,265.12 crore.

L&T Share Price

After the development, Larsen and Toubro ended the day lower by 0.90 per cent, or Rs 32.85, at Rs 3611.10.

Dynamatic Tech Share Price

Dynamatic Tech, on the other hand, ended the trading session on Tuesday higher by 2.98 per cent, or Rs 213.80, at Rs 7382.40.

It opened at Rs 7500.00 after the previous close of Rs 7168.60 to touch the day's high of Rs 7780.00, an 8.52 per cent jump from Monday's closing price.

What is Zee Business exclusive? 

Zee Business, quoting sources, reported that Larsen and Toubro and Dynamatic Tech may receive large orders from HAL.

L&T and Dynamatic Technologies will supply aviation parts to HAL, as per Zee Business report. 

The companies are preparing to supply aviation parts to HAL.

HAL will make 180 Tejas MKI 1A fighters in the next 8 years.