🟢 Hindustan Aeronautics is trading 4.15% up today after approximately INR 1.10 lakh crore procurement approvals

Hindustan Aeronautics is trading at INR 5056.60, up 4.15%, after India’s Defence Acquisition Council approved approximately INR 1.10 lakh crore in procurement proposals, including 138 Advanced Light Helicopters from the company.

• Defence stocks broadly rallied on September 8, with Hindustan Aeronautics among the leading gainers.
• CLSA retained a positive view and an INR 5,800 target.
• Major U.S. indices were flat in the supplied context.