Time period given by analyst is three months when Hindustan Aeronautics Ltd. price can reach defined target.
Hindustan Aeronautics Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 42781.54 Crore) operating in Defence sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1765.96 Crore, down -83.75 % from last quarter Total Income of Rs 10870.24 Crore and down -1.01 % from last year same quarter Total Income of Rs 1783.99 Crore. Company reported net profit after tax of Rs 197.01 Crore in latest quarter.
Investment Rationale
The share price of HAL has been an underperformer since 2018. Currently after five months of higher base formation the stock is resolving above multiyear highs indicating structural turnaround, thus offering a fresh entry opportunity.
The brokerage expects the stock to maintain its current up trend and head towards Rs 1380 as it is the price equality with Nov20-Feb21 rally( Rs 660-1115) projected from April low of Rs 930.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
