Shares of Hindustan Aeronautics were trading in the green and 2% higher on 23 November after the company announced receiving a tender from the Central Government worth Rs 10,000 crore.

The company has received a tender worth Rs 10,000 crore from the Central Government for the acquisition of 12 Sukhoi-30 MKI fighter jets, which are the most recent models. The company will respond to this tender by the end of December.

In its quarterly report for July-September, the company reported a 1.05% year-on-year (YoY) increase in its net profit to Rs 1,232.29 crore for the quarter from Rs 1,218.94 crore reported in the year-ago quarter.

The revenue of the company for the quarter under review stood at Rs 5,635.7 crore, which is a 9.5% YoY increase from Rs 5,144.79 crore reported in the same quarter of the previous fiscal year.

In the last six months, the shares have gained over 41.22% and over 58.24% in one year.

As of 30 September, the promoters of the company own a 71.64% stake in the company, while retail shareholders have a 6.01% stake in the company, while FIIs (Foreign Institutional Investors) own a 12.63% stake.

The company is in the business of manufacturing aircraft and helicopters, and also maintains and repairs them.

At 3:30 pm, the shares of Hindustan Aeronautics closed 1.79% higher at Rs 2,150 on NSE.