HDFC Defence Fund was launched in June last year. Since its inception, the fund has shown impressive performance, delivering an 85% return to investors and amassing total assets exceeding Rs 3,952 crore. Over the last year, the scheme has yielded a return of 76.03%, and in the past six months, investors have seen a return … Read more
The offer for sale (OFS) of shares by the government in Hindustan Aeronautics Ltd was a big success despite markets being in turbulent waters. The retail portion of the OFS also received an overwhelming response, with the government getting bids for 14,50,924 shares against 11,70,357 shares on offer for the category. The clearing price for … Read more
The board of Hindustan Aeronautics Ltd (HAL) has approved an interim dividend of Rs 20 per equity share for financial year 2022-23 — 200% on the face value of Rs 10 per share. The company has fixed March 20 as the record date to determine the eligibility of shareholders for the same. “The Board of … Read more
Hindustan Aeronautics Ltd (HAL) is likely to be included in the MSCI Standard Index, when the index provider will review the constituents once again in May 2023, according to Nuvama Institutional Equities. The brokerage said, based on its calculations and understanding of methodology, HAL holds a high chance to get included in the May 2023 … Read more
The government has raised Rs 770 crore from stake sale of ammunition and missile systems manufacturer Bharat Dynamics Ltd through an offer for sale, which concluded on Wednesday. “BDL OFS concluded today with a total subscription of about 2.34 crore shares worth Rs 770 crore from institutional and retail investors,” secretary of department of investment … Read more