HAL Stock Soars 233% in 2 Years, Analysts See Further Upside
3rd Jan 2025
HAL's Stellar Stock Performance
Shares of Hindustan Aeronautics Ltd (HAL) have delivered multibagger returns in the past two years, climbing 233% during the period. The defense stock has also surged 599% in the last three years. However, the stock has turned weaker in the last six months, declining 21% during this period. Despite the recent pullback, HAL shares remain near their 52-week high of Rs 5,675, currently trading at Rs 4,235.80.
Analyst Recommendations and Price Targets
Prominent brokerage firms have issued bullish calls on HAL stock. Jefferies has reaffirmed its 'Buy' rating with a price target of Rs 5,500, representing a potential upside of 32% from the current levels. PhillipCapital has also initiated coverage with a 'Buy' rating and a target of Rs 5,500. Anand Rathi has a buy call with a target price of Rs 4,950, while JM Financial has a price target of Rs 5,150 with a buy recommendation.
Company Overview and Key Products
Hindustan Aeronautics Limited is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. The company's product portfolio includes HAWK, light combat aircraft (LCA), SU-30 MKI, intermediate jet trainer (IJT), DORNIER and HTT-40.
Shares of Hindustan Aeronautics Ltd (HAL) have delivered multibagger returns in the past two years, climbing 233% during the period. The defense stock has also surged 599% in the last three years. However, the stock has turned weaker in the last six months, declining 21% during this period. Despite the recent pullback, HAL shares remain near their 52-week high of Rs 5,675, currently trading at Rs 4,235.80.
Analyst Recommendations and Price Targets
Prominent brokerage firms have issued bullish calls on HAL stock. Jefferies has reaffirmed its 'Buy' rating with a price target of Rs 5,500, representing a potential upside of 32% from the current levels. PhillipCapital has also initiated coverage with a 'Buy' rating and a target of Rs 5,500. Anand Rathi has a buy call with a target price of Rs 4,950, while JM Financial has a price target of Rs 5,150 with a buy recommendation.
Company Overview and Key Products
Hindustan Aeronautics Limited is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. The company's product portfolio includes HAWK, light combat aircraft (LCA), SU-30 MKI, intermediate jet trainer (IJT), DORNIER and HTT-40.