Hindustan Aeronautics Limited (HAL) Maintains ADD Rating
Key Points
- HAL retains its ADD rating from Businessline.
- Target price remains unchanged at ₹2,200.
- Revenue from spares and repairs expected to remain high until FY24.
Overview
On August 16, 2024, Businessline reported that Hindustan Aeronautics Limited (HAL) has maintained its ADD rating. The target price for HAL remains unchanged at ₹2,200.
The rating and target price were determined after an earnings call with HAL's management team. During the call, HAL indicated that revenue from repairs and spares is expected to remain elevated until the end of the fiscal year 2024.
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