Hindustan Aeronautics Ltd (HAL) shares were in focus on Friday after the company secured a key win in India’s growing space sector.

HAL has been selected by the Indian National Space Promotion and Authorization Center (IN-SPACe) to manufacture Small Satellite Launch Vehicles (SSLVs), marking a significant step in private participation in the country’s space ambitions. The company reportedly won the bid with an offer of ₹500 crore for the SSLV technology.

On the stock front, HAL opened at ₹4,910 and, at the time of writing, touched an intraday high of ₹4,969.70 and a low of ₹4,853. The stock has been strong in the past year, trading well above its 52-week low of ₹3,046.05 but still below its 52-week high of ₹5,674.75.

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