HAL shares rally 6% as Ministry of Defence to procure ‘Prachand’ helicopters

Shares of HAL soared 6% to reach an all-time high of Rs 5,484.20 on the Bombay Stock Exchange (BSE) during Tuesday's trading session. The surge came after the company disclosed that the Ministry of Defence has issued a request for proposal (RFP) to procure 156 Light Combat Helicopters from HAL.