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The board of directors of Hindustan Aeronautics will meet today to discuss, among other things, a proposal to split the company’s equity shares in accordance with Section 61(1)(d) of the Companies Act, 2013.
Also read: HAL: Why this stock is a good investment opportunity for the long term
In 2021 too, the company had decided to split the company shares, when price was hovering around ₹1,300. However, the board on September 21, 2021, had deferred that proposal. Since then, the stock has jumped around 3 times. The stock hit an all-time high of ₹3,950 last week.
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