Morgan Stanley has maintained an ‘Overweight’ rating on Hindustan Aeronautics Limited (HAL), setting a target price of ₹4,958 per share, implying a 37.7% upside potential from the current market price of ₹3,601.05.
Key takeaways from the report:
- HAL reported healthy revenue and order inflows in Q3FY25, reinforcing its strong order book.
- For the first nine months of FY25 (9MFY25), order inflows have been robust, mainly driven by Sukhoi engine orders and aircraft manufacturing contracts.
- The company expects to receive orders worth ₹1,65,000 crore, signaling continued growth momentum.
- HAL is also set to roll out its first Light Combat Aircraft (LCA) Tejas MK-1A from its Nashik facility by the end of FY25, marking a major milestone in India’s indigenous defense production.
With a strong pipeline of defense orders, a growing order book, and key aircraft deliveries on track, Morgan Stanley remains bullish on HAL’s long-term growth trajectory.
Disclaimer: The above article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.
