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Prabhudas Lilladher Reaffirms Buy on Hindustan Aeronautics
Brokerage reiterates buy on HAL, citing strong order pipeline.
Prabhudas Lilladher reiterated its buy rating on Hindustan Aeronautics with a target price of ₹5,338, pointing to strong order visibility and improving execution momentum. The brokerage cited a robust defense pipeline supported by sustained government emphasis on domestic aerospace manufacturing. Analysts expect revenue growth to remain resilient as defense allocations rise. Market participants continue monitoring margin sustainability and fresh order inflows for long-term earnings clarity.