On June 9, Hindustan Aeronautics shares plunged nearly 3% in the early trade as the company’s board of directors considered an offer of sub-division of the company’s equity shares in a June 27, 2023 meeting.

The trading window for trading in the company’s securities shall remain shut for all insiders as well as designated persons, connected persons and their direct relatives from tomorrow till 48 hours after the announcement of the result of the board meeting.

The company has posted an 8.8% fall in its Q4FY23 net profit at Rs 2,831.18 crore against Rs 3,105.17 crore YoY.

The company’s revenue rose 8% at Rs 12,494.67 crore versus Rs 11,558.23 crore in March 2022.

At 9:24 am, Hindustan Aeronautics Limited cited Rs 3,582.90, up Rs 55.20, or 1.56%, touching a 52-week high of Rs 3,630 on the BSE.