HFCL up 6%, at 52-wk high on deal to supply drone parts to General Atomics

HFCL hits 52-week high: Share of technology company HFCL soared as much as 5.71 per cent to hit a fresh 52-week high of Rs 171 per share on Monday, September 23, 2024.

The shares of HFCL rose after the company announced that it has been selected by General Atomics Aeronautical Systems Incorporated (GA-ASI), to develop and supply critical sub-systems for the US-based defence technology firm’s advanced unmanned aircraft systems.