Company updateNDTV Profit
CLSA hikes HAL target to Rs 5,625 citing defence orders
Positive+34
GreyOak summary
Brokerage CLSA raised Hindustan Aeronautics Ltd's (HAL) 12-month target price to Rs 5,625, maintaining an 'Outperform' rating. The firm views HAL as the cheapest pure-play defence stock, driven by upcoming Tejas Mk1A deliveries and a $25 billion order pipeline by FY30. HAL shares rose 0.78% to Rs 4,982.75 following the report.
What it affects
- Hindustan AeronauticsHALPositive +34
Target price raised to Rs 5,625Rolling sentiment Neutral +6
Source
Read the original at NDTV ProfitMore Hindustan Aeronautics news
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