Why Hindustan Aeronautics Shares are rising?

Shares of Hindustan Aeronautics Ltd stock surged on July 4 after Tejas, a light combat aircraft manufactured by HAL emerged as the top choice for the Malayasian air force. The Indian aircraft faced a strong challange from China,South Korea & Russia. But due to it's high technical parameter Tejas of HAL secured it's name on the top of the list.