look news india
As the election season is going on, there is turmoil in the market too. One day there is a rise in the market and the other day there is a decline. Along with this, there is also government stake which has now been mentioned by PM Modi. This stock has ruined investors. The name of this defense sector stock is Hindustan Aeronautics Limited. Investors' money has doubled since PM Modi mentioned this stock in Parliament. The question is whether this stock will always keep rising.
The company gave 140 percent return to investors
The shares of this company have given excellent returns of about 140 percent to investors since August. On August 10, 2023, the share price of HAL was Rs 1859. Which has now increased to Rs. It is 4539. At present, there is an election atmosphere and experts believe that if a stable government is formed in the country, then government shares may increase. So know everything about it.
What did PM Modi say?
On August 10, PM Modi gave a speech in Parliament for about 2 hours and 13 minutes. In this speech, PM Modi targeted the opposition and said that there is talk of selling companies like LIC, HAL and public sector undertakings, but these companies are giving higher returns to investors today. PM Modi said that if you also invest in the stock market then start keeping an eye on these companies.
good profit
Hindustan Aeronautics Limited presented its quarterly results on Thursday. The company has made a new record in this. The company earned a net profit of Rs 4308 crore in the fourth quarter of the financial year 2023-24. Which is 52 percent more than last year. The effect of this excellent result has also been seen on the company's shares. On Thursday, the company's shares reached a 52-week peak. So will the bullishness still last forever?
What do the experts say?
Insiders believe that HAL shares still have upside potential. HAL shares may see a rise in the coming days. This share of the government company can cross the range of 4800. The fundamentals of this company with a market cap of around Rs 3 lakh crore are quite strong. The company is almost debt free. HAL investors have also received a dividend of 25.8 percent.
Government companies showed strength
Apart from HAL, there are also shares of some other government companies which have defrauded investors. This includes 56 companies including IC, Rail Vikas Nigam, MMTC, NDMC, Central Bank, UCO Bank, IRCON, NHPC. Rail Vikas Nigam has given a return of 138 percent to investors in one year. NMDC has earned a profit of 158 percent to investors during this period. So if we talk about Aircon, it has earned 227 percent.
