Multibagger stock Hindustan Aeronautics (HAL) saw its share price surge over 5% in early trading on Tuesday, reaching 52-week highs. This spike followed news about government tenders for Light Combat Aircraft. HAL shares, which have already provided multibagger returns by gaining over 170% in the past year, also reached an all-time high today.
In a statement to the exchanges, HAL announced, “The Ministry of Defence has issued a Request for Proposal (RFP) for the procurement of 156 Light Combat Helicopters (90 for the Indian Army and 66 for the Indian Air Force).”
