Shares of Hindustan Aeronautics Limited witnessed selling pressure during Wednesday’s trading session, falling 4% from the day’s high.
The stock opened at ₹4,490.10 against its previous close of ₹4,500.20 and climbed to an intraday high of ₹4,505.60. However, the momentum faded later in the session, with the stock dropping to a low of ₹4,309.10, marking a decline of around 4.4% from the day’s peak.
Despite the intraday weakness, HAL remains above its 52-week low of ₹3,479.10. The stock has touched a 52-week high of ₹5,065.00, highlighting the broader range in which it has traded over the past year.
Market participants are closely tracking movement in defence sector stocks, with HAL remaining one of the key companies in India’s aerospace and defence manufacturing space. The sharp intraday decline indicates increased volatility and profit-taking activity after recent gains.
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