Stay updated with the latest news and articles about Hindustan Aeronautics Limited.
Brokerage firm Elara has upgraded the defence major HAL (Hindustan Aeronautics Ltd) to a Buy rating and expects another 18% upside in HAL share price from current levels.
Additionally, HAL's revenue for the quarter witnessed a commendable 7% year-on-year growth, reaching Rs 6,061 crore.
Shares of HAL (Hindustan Aeronautics) slipped 5% in trade on Monday after the govt launched an OFS to sell a maximum 3.5% stake in the company.
The acquisition proposals were confirmed at a meeting of the Defence Acquisition Council (DAC), the ministry’s highest decision-making body on the matter.
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