Company updateMint
Citi maintains Buy on HAL with 28% upside target
Positive+38
GreyOak summary
Citi maintained a 'Buy' rating on Hindustan Aeronautics Ltd (HAL) with a target price of ₹6,175, indicating 28% upside. HAL reported a 16% rise in PAT to ₹1,936 crore for Q2 FY27, though EBITDA missed estimates due to weaker margins. The brokerage cited rising inventory and Tejas Mk1A ramp-up as positive drivers for the medium-term outlook.
What it affects
- Hindustan AeronauticsHALPositive +38
Citi maintains Buy rating with 28% upside target.Rolling sentiment Neutral +12
Source
Read the original at MintMore Hindustan Aeronautics news
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