1h ago
HAL shares rangebound despite betterthanexpected Q2 results. What Goldman Sachs, Nuvama and other brokerages expect
Shares of Hindustan Aeronautics traded mixed after reporting a 16% year-on-year profit increase. Revenue from operations also rose nearly 15%, leading to varied brokerage reactions. Nuvama maintained a 'Hold' rating, citing execution concerns despite a strong order backlog. Both Goldman Sachs and Citi issued 'Buy' ratings, indicating upside potential based on future deliveries. Analysts emphasize the importance of execution and inventory preparedness for sustained growth.
1h ago