HAL Share Price | Defense company stock in focus, rating upgrade, next target price will be rich – NSE: HAL
HAL Share Price | The stock market has been continuously falling for the last few days. Shares of many top companies have fallen and there is an opportunity to buy cheaply. (NSE: HAL)Defense company Hindustan Aeronautics Limited has come into focus due to the fall in the stock market of the company. Stock market experts have suggested special strategies for investors. (Hindustan Aeronautics Company excerpt)
Brokerage firm advice
Investors are now looking towards a rally in the stock of Hindustan Aeronautics Limited after the second quarter results of the company. The brokerage firm has also indicated a rally in the stock. Hindustan Aeronautics Limited may now recover its share price after a continuous decline, as the company's earnings are expected to be good in the next quarter.
Company's financial results
Shares of Hindustan Aeronautics Limited (HAL) are trading higher after its second quarter results. Shares of Hindustan Aeronautics Ltd are down 28 per cent from their all-time high. The company's PAT increased by 22 percent in the second quarter and reached Rs 1,510 crore. Hindustan Aeronautics Ltd reported 22 per cent rise in net profit at Rs 1,510 crore in the second quarter. The company had posted a net profit of Rs 1,237 crore in the September quarter of the last financial year.
share target price
Experts have given HOLD rating to the stock. However, experts expect the stock to rally again. Experts have indicated that if investors hold the stock for 3-4 months, it can go up to Rs 5,000. On the trend line, 8 experts have advised to buy shares of Hindustan Aeronautics Limited Company.
multibagger return
Hindustan Aeronautics stock has declined 1.93% in the last 6 months. The stock has given 96.15% returns in the last 1 year. Hindustan Aeronautics stock has given 919.89% returns in the last 5 years. However, Hindustan Aeronautics shares have declined 45.12% on YTD basis.
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