HAL Rallies 3% to Hit All-Time High As Board To Consider Stock Split; Key Details to Know
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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 ...