HAL Satake Sale Deals of 5000 CR Shares
Hindustan Aeronautics Limited is a major part of India’s defense manufacturing and it has a huge stake sale related to investors, which means a huge opportunity for you to put a good share in your portfolio. Do you want to know its details? Will there be more opportunities for you after these stake sale? What will happen to HAL shares? Complete article to the end and bookmark the website to get daily updates.
HAL History/ HALShare
Narendra Modi’s Sarkar had stated in his manifesto the plan to privatize the struggling private sector companies of India. Under this, Sarkar launched HAL’s IPO in 2018, in which 10% stake sale was done. This IPO was of 4229 Crore. The following diagram shows the performance of HAL shares since the IPO was launched. Launched on 1132 INR per share, this IPO is currently trading at 1011 INR. The situation on Indian PSUs has not been much better since 2018, but the recent delivery of Rafale Deal and then the delivery of Rafale aircrafts in the Indian Defense manufacturing sector, pecially in the Airforce related manufacturing sector, was quite rapid.
You will remember that at this time, HAL Satake Sale Sarkar had announced that a ban would be imposed in the import sector in the defense sector and the manufacturing companies of the country would play a big role in this mission of making India self-reliant. After this, the trend of HAL shares will go upwards, that too around the second quarter of 2020. Because at this time, investors must have thought that there is going to be a lot of money in the Indian defense sector, and this is the right time to invest.
HAL Share Sale Detail
Sarkar has now informed through exchange filing that 15% stake of HAL, which is India’s top aeronotics and defense company, will be sold and the public will be given a chance to purchase 33.43Million shares. Through this sale, the government is trying to raise funds of about 5050 Crore. This stake sale is going on 26th and 27th august. On behalf of Sarkar, it is said that if oversubscription happens, then they will bring 5% or 16.71 Million shares to the market. Selling price is dtermine 1001 Per share which is comparable to present market price. HAL Satake Sale
Chance to investors
HAl’s March 2020 quarter net sales value increased by 2.77% to 10,322 Crore. This was a good indication, but the impact of Covid 19 has happened to all companies like HAL as well, and in order to balance this effect and raise funds, the government has taken this stake sale decision. Now if these shares become oversubscribe in these two days and as the prices are coming down by the end of 27th aug then again there is the possibility of selling sarkar and 5% shares also and then it can prove to be a good investment for you. HAL Satake Sale
if you know More stock market share related IPO full details click below
EPS data of HAL is something like this (Earnings Per Share)
|PROFIT & LOSS ACCOUNT OF HINDUSTAN AERONAUTICS LTD. (in Rs. Cr.)||MAR ’20||MAR ’19||MAR ’18||MAR ’17||MAR ’16|
|EARNING PER SHARE (RS)||85.44||68.26||61.92||72.35||55.27|
You can see that the record of HAL has been very good for giving returns on shares. Also, having defense mport ban in India can be very good news for HAL. So if you are thinking of investing in a long term stable company, then HAL might be the right choice for you. HAL Satake Sale