HAL stock prices rise, BJP questions Rahul Gandhi's claim of weakening public sector

The HAL’s (Hindustan Aeronautics Limited) stock shares are currently priced at Rs 3904.85. This is close to 5 times of its share value in 2018 when it was Rs 800. They had recently signed 3 international deals. They signed a letter of intent with Argentina for acquiring light and medium utility helicopters for its armed forces. It entered into an agreement with GE (General Electric) of the USA (United States of America) for the co production of jet engines. HAL would also be a part of a joint venture with French company Safron for the production of new age Helicopter engines in India. These recent developments have boosted the confidence of market analysts who are optimistic about what the future holds for the company.

Political battles around HAL pick up speed 

The ruling BJP government did not miss out on an opportunity to score a political point around HAL’s successful turn of fortunes. It pointed fingers at Rahul Gandhi, Congress MP (Member of Parliament) saying that he ran a vindictive campaign with a fake narrative claiming that PM Modi is intentionally sabotaging public sector organisations such as HAL for the benefit of his crony capitalist friends, Ambani and Adani. 

Rahul Gandhi is dangerous.

He is poorly read and often peddles #FakeNarrative, with brazen disdain for its impact on the society.

In 2019, Rahul Gandhi ran a campaign, blaming PM Modi for destroying HAL. Truth is that in the last 5 years, HAL’s stock price has gone up 5 times!… pic.twitter.com/5VGHPM6WQe

— Amit Malviya (@amitmalviya) July 24, 2023

In the lead up to the 2019 elections, Rahul Gandhi had said, “Rafale had been taken away from HAL, now to complete the job, the suit-boot friend needs people who are in HAL. Without weakening HAL, this work cannot be done. The Chowkidar (watchman) is being true to his friendship, he has nothing to do with the country's good or bad,"