Connect with us

Hi, what are you looking for?

Uncategorized

Hindustan Aeronautics hits record high before easing on Q2 results

© Reuters.

Shares of Hindustan Aeronautics Limited (HAL) soared to an unprecedented peak last Friday, reaching ₹2110.5, but saw a slight decline today to ₹2055.4. The movement follows the company’s announcement of a modest year-over-year increase in its second-quarter net profit, which rose to ₹1236.67 crore, and a revenue boost to ₹5635.7 crore (INR100 crore = approx. USD12 million).

Despite these gains, HAL experienced a 4% year-over-year reduction in its order book and a 6% fall in its second-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA). The performance dip has been largely attributed to delays in programs linked to Russia.

In response to HAL’s financial outcomes, brokerage firm CLSA has maintained an outperform rating on the stock. CLSA highlighted HAL’s strong cash position but also pointed out potential risks associated with the Indian government’s consideration of transferring major aerospace programs to a public-private partnership (PPP) model.

Adding to the positive outlook, Morgan Stanley has retained an overweight stance on HAL with a price target set at ₹2182.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Artikuj Aplikacioni SpinBetter për iOS: Kazino Dragonslots Cilat janë fitimet e kufizimit në lidhje me Historinë larg hostit të slotit të vdekur? Luaj video...

Uncategorized

Blogs Renault – 2 Constructors’ headings, 2 Rider headings: golf betting betway McLaren – 9 Constructors’ titles, twelve Driver headings FIA releases F1 2025...

Uncategorized

(Inspire Las vegas also provides a grip and you will Twist group.) There are also Megaways ports, which happen to be personally offered by...

Uncategorized

Articles Wonder Competitors: All Up coming Characters, Team-Ups and you will Maps Master Shark Faq’s: Ways to Your Greatest Questions relating to Wazdan’s Preferred...