Hindustan Aeronautics clarifies on 'insider-trading' report; stock up

HAL responded to a news report alleging Sebi's investigation into insider trading involving Rajat Mishra by clarifying that, according to the information available to the company, no link exists between HAL, its designated persons, and Mishra. Sebi fined Mishra Rs 20 lakh for obstructing its inquiry and demonstrating disregard. \r

Mishra allegedly profited from undisclosed price-sensitive information related to a stock split. HAL's stock rose 1.27% to Rs 4,805.55, marking a 69.99% increase in 2024. Trading volume was lower than the two-week average. \r

The stock outperformed various moving averages but lagged behind the 10-day SMA. Its P/E ratio was 41.78, P/B value was 10.93, and EPS stood at 113.57. As of March 2024, the government owned 71.64% of HAL.