Jefferies has maintained its buy rating on Hindustan Aeronautics Ltd (HAL) and raised the target price to Rs 6,475. The stock is currently trading at Rs 5,115.50.
HAL’s Q4 EBITDA was 4% above expectations, driven by a significant margin surprise of 765 basis points, with margins coming in at 38.7%. Management has indicated that margins in the 30–31% range are sustainable, citing ongoing cost optimisation efforts.
While HAL has guided for 8–10% revenue growth in FY26, Jefferies views this as conservative given the company’s performance trajectory.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult certified financial professionals before making any investment decisions.
