Company updateBusiness Today
HAL shares: Cheapest pure-play defence stock a buy? CLSA says best is yet to come
Positive+33
GreyOak summary
CLSA analyst Bharat Parekh recommended an 'Accumulate' rating for Hindustan Aeronautics Ltd (HAL) with a revised target price of Rs 5,625. The firm cites the new Air Chief Marshal's focus on restoring IAF combat strength and HAL's $48 billion decadal pipeline as key catalysts. Analysts view HAL as the cheapest pure-play defence stock with significant visibility on LCA Mk1A deliveries and SU-30 upgrades.
What it affects
- Hindustan AeronauticsHALPositive +33
CLSA recommends accumulate with revised targetRolling sentiment Neutral +6
Source
Read the original at Business TodayMore Hindustan Aeronautics news
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