Thinking about stocks? Motilal Oswal just gave a thumbs up to Hindustan Aeronautics Limited (HAL), setting a target price of ₹5,900.
It's impressed by HAL's steady financials: last quarter's revenue was right on track, and even though margins dipped a bit, higher income from JVs and lower depreciation kept things balanced.
HAL readies Tejas Mk1A deliveries 4QFY27
HAL is gearing up to deliver its Tejas Mk1A jets from 4QFY27 and already has 14 engines from GE in hand.
With a massive order book worth ₹2.4 trillion, it has plenty of work lined up for the future.
Motilal Oswal is sticking with its positive outlook, basing HAL's value on both cash flow and future earnings, basically saying they trust where HAL is headed.