HAL Shares Surge on Major Fighter Jet Order

Hindustan Aeronautics Ltd (HAL) shares surged 3.5% to Rs 4,605 following reports of securing a major order for 97 Light Combat Aircraft (LCA) Mark1A jets worth Rs 62,000 crore. This order, approved by the Cabinet Committee on Security, marks a significant achievement for HAL, which is focused on the indigenous Tejas program. Despite a slight dip in net profit, HAL's revenue and margins improved, showcasing a robust order pipeline. Shares are currently trading positively, bolstered by expectations of timely aircraft deliveries and improved engine supply.