Hindustan Aeronautics Ltd. (HAL) shares rose as a lot as 5% on Monday, snapping a two-day fall. The inventory noticed its largest intraday acquire since April 1.
The inventory has superior 9.5% prior to now 12 months however stays down 22% from its all-time excessive.
Within the newest sector developments, Nuvama Institutional Equities initiated protection on HAL, Bharat Dynamics Ltd., and Information Patterns (India) Ltd. on April 21, recommending a ‘purchase’ on these defence sector shares. Nuvama mentioned India’s defence gamers are selecting up momentum, offering alternatives to interact with the sector.
Based on Bloomberg information, 19 analysts have a ‘purchase’ score on HAL, whereas one has a ‘promote’ score. The analysts’ consensus 12-month value goal is Rs 4,997.50, implying a possible upside of 14% from Friday’s closing value.
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