Hindustan Aeronautics Stock Rating Reiterated by CLSA
CLSA CLSA Limited reaffirmed its Outperform rating on Hindustan Aeronautics Hindustan Aeronautics Limited (NSE: HNAL), maintaining a price target of INR 5,436. The brokerage remains optimistic about the company’s growth trajectory, citing strong demand for its Tejas light combat aircraft and other defense manufacturing programs.
According to CLSA, Hindustan Aeronautics continues to benefit from India's increasing focus on defense modernization and indigenous production. The firm expects production efficiency and new contract wins to drive further value for shareholders.
"Hindustan Aeronautics remains well-positioned to leverage rising domestic defense needs and government-backed initiatives promoting 'Make in India'," CLSA said in its note.
The stock has shown resilience amid broader market volatility, supported by consistent order inflows and healthy financial performance.
Author’s Summary: CLSA reaffirmed an Outperform rating for Hindustan Aeronautics with a price target of INR 5,436, citing strong defense demand and ongoing modernization efforts.
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