HAL board meets on June 27 to consider stock split

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Hindustan Aeronautics’ board of directors will meet on June 27 to consider a proposal for a subdivision of the company’s shares.

On Thursday, the stock reached an all-time high of $3,546.65 before closing at $3,527.70, up 1.12 percent from the previous day’s close of INR 3,488.70.

Also earlier in 2021, the company decided to split the shares of the company, when the price was hovering around INR 1,300. However, the Board of Directors deferred this proposal on September 21, 2021. Since then, the stock has jumped about 2.5 times.