HAL Share Price | Expert advises to buy multibagger HAL stock, stock price will touch the level of Rs 6145 – Hindi News
HAL Share Price | The shares of Hindustan Aeronautics Limited are witnessing a rise. Hindustan Aeronautics Limited (NSE: HAL) The shares of HAL have been falling for the last four days. During this period, the company's stock has fallen by 10 percent. On Thursday, HAL's stock was trading at Rs 4,193 with a decline of 6 percent. (Hindustan Aeronautics Limited Company Excerpt)
HAL stock is currently trading above its 200-day moving average price. But the stock is still trading below its 5-day, 20-day, 50-day and 100-day moving average price. HAL shares were trading 1.77 per cent higher at Rs 4,306.90 on Friday, September 20, 2024.
The company got a contract worth Rs 26,000 crore
Recently, India's Defense Ministry awarded a contract worth Rs 26,000 crore to HAL company. Under this contract, HAL will supply 240 aero engines for Su-30MKI aircraft. These aero-engines will be manufactured at HAL's Koraput manufacturing facility. This engine will be used to maintain the operational capability of the Indian Air Force's Su-30 fleet. Under the deal, HAL will supply 30 aero-engines annually. All these 240 engines will be supplied in the next eight years.
What is the expert's advice?
At present, stock market experts have advised investors to stay away from recent shares. According to experts, the selling pressure in this stock may increase further. The stock has broken its support level of Rs 4,400. The stock is likely to reach Rs 3,900-4,000 in the coming days.
The stock gave 500% return
In the last one year, HAL shares have given 112 percent return to its investors. In the last two years, the company's share price has increased by 240%. In the last three years, HAL shares have given 500 percent return to its investors. The total market capitalization of the company is Rs 2,82,901.86 crore.
Antique Broking Firm – BUY Rating
HAL currently has pending orders worth Rs 48,000 crore for the supply of ALH (25), LUH (12), Su-30 (12) and RD-33 engines. Apart from this, an order of Rs 18,000 crore for RoH is also pending. According to antique broking firm, the company's shares can go up to Rs 6,145 in the coming days.
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