Hindustan Aeronautics Limited (HAL) shares jumped over 5% in early trading on Tuesday, hitting a 52-week high. This surge follows news that the government has issued tenders for Light Combat Helicopters. Over the past year, HAL shares have skyrocketed by more than 170%, making it a multibagger stock for investors. Today, HAL shares are also trading at an all-time high.
HAL announced that the Ministry of Defence has issued a Request for Proposal (RFP) to procure 156 Light Combat Helicopters. Of these, 90 are intended for the Indian Army and 66 for the Indian Air Force.
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