HAL gains on winning bid to privatise India's small satellite launch rockets

Hindustan Aeronautics

20/06/2025 10:29

** Indian warplane maker Hindustan Aeronautics (HAL) HIAE.NS climbs as much as 1.6% to 4,980 rupees

** Co wins bid to take over private production of India’s Small Satellite Launch Vehicle, Reuters reports

** Company slated to win the bid was expected to pay 3 billion rupees to India's space regulator - Reuters reported in February

** Analysts' avg rating on stock is "buy", median PT is 5,645 rupees - data compiled by LSEG

** Stock up ~19% YTD

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))