Hindustan Aeronautics shares jump 5% to hit fresh 52-week high - Here's why

Hindustan Aeronautics Limited share price NSE, BSE, HAL share price: Shares of Hindustan Aeronautics Ltd (HAL) clocked a fresh 52-week high on Friday i.e. December 1. The HAL stock jumped around 5 per cent to touch a high of Rs 2499 apiece on the BSE. The counter had closed at Rs 2382.30 in the last trading session.

Last seen, the share held firmly in green and was trading at Rs 2467.

The surge in share price comes after the Defence Acquisition Council (DAC) on Thursday accorded Acceptance of Necessity (AON) for the procurement of Light Combat Helicopter (LCH) for the Indian Air Force (IAF) and Indian Army and Light Combat Aircraft (LCA) Mk 1A for IAF from Hindustan Aeronautics Limited (HAL) under Buy (lndian-IDDM) category.  

"Defence Acquisition Council (DAC) accorded Acceptance of Necessity (AON) for procurement of Light Combat Helicopter (LCH) for Indian Air Force & Indian Army and Light Combat Aircraft (LCA) Mk 1A for Indian Air Force from HAL under Buy (lndian-IDDM) category," the company said in an exchange filing. 

The HAL stock has been gaining for the last six days and has risen 16.82 per cent in this period. Shares have jumped over 35 per cent in the last one month as against 6.69 per cent jump in Sensex.

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