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[ad_1] Last Updated: June 09, 2023, 11:49 IST HAL Share Price: Hindustan Aeronautics (HAL) shares rallied another 3 per cent in Friday’s trade to hit their new record highs as the company announced that its board of directors will meet later this month to consider the stock split proposals. The PSU counter has yielded multibagger returns to investors. The Indian public sector undertaking (PSU) major has said that its Board of Directors will later this month on June 27, 2023, meet for the consideration of a proposal to conduct a sub-division of equity shares or stock split. Splitting a stock typically increases the stock’s liquidity in the capital market and makes it more affordable for small investors. Doing so increases the number of shares in the market while keeping the stock’s market capitalization unchanged. The trading window for trading in the securities of the company shall remain closed for all insiders including designated persons, connected persons and their immediate ...

[ad_1] Indian defence stocks have been on a steady rise. (File) Over the past one year or so, ever since Russia made its sinister intentions clear after invading Ukraine, the world has woken up to the possible threats of autocratic military powers. The lesson that India learnt the hard way was it needed to be self-reliant in the defence sector. Ever since then, Indian defence stocks have been on a steady rise . The rally in defence stocks is driven by a range of factors such as geopolitical tensions, increased defence spending, and the government's focus on self-reliance in defence production. However, the recent decision by the Defence Acquisition Council (DAC) to accord Acceptance of Necessity to projects worth Rs 705 billion (bn) has given a fresh boost to the sector. This decision paves the way for major military modernization projects. This move is expected to further fuel the growth of Indian defence stocks , making it an exciting theme for investors to track. Let's ...