HAL shares: Analysts see more upside in the defence multibagger; lift price targets up to 34%
Brokerage firms continue to remain positive on Hindustan Aeronautics Ltd (HAL) as they have lifted the target prices for the defence Multibagger by 34 per cent strong growth potential and robust outlook for the state-run player even after a sub-par performance in the March 2024 quarter. They see the stock to hit new highs in the coming months.
Hindustan Aeronautics reported a 7.8 per cent YoY fall in its net profit at Rs 3,958 crore, while its revenue declined 7.2 per cent YoY to Rs 13,700 crore. The state-run defence equipment manufacturer clocked an Ebitda of 5,292 crore, down 10.2 per cent YoY, but margins came in higher at 38.6 per cent. Its order book stood at Rs 2.6 lakh crore for FY26.
Revenue, Ebitda and PAT Growth CAGR during…
