HAL also proposes to remove 300 kg of dead weight distributed across the Mark I to balance the fighter evenly
Most sector PSUs ended FY23 with strong order books
Hindustan Aeronautics shares may dip up to 20 per cent upon breaking key support.
The floor price for the HAL stake sale is set at 2,450 rupees apiece, at a discount of 6.7% to Wednesday's close
Hindustan Aeronautics received an order for 70 HTT-40 trainer aircraft worth over Rs 6,800 crore, while L&T bagged a contract worth Rs 3,100 crore for supply of three cadet training ships.
HAL has showcased wide range of products ranging from Aircraft to miniature sized components. The stall is categorized in two categories 'Success Stories' and 'Business Opportunity' for AP
According to the technical analyst from Anand Rathi, shares of Hindustan Aeronautics can bounce back to Rs 2,700, while DLF can jump to Rs 370.
Analysts at Emkay Global Financial Services uphold their constructive view on the sector, driven by its strong tender pipeline, softening commodity prices and expectation of good order inflow growth.
HAL sets to hit new all-time and may rise up to 9 per cent. BDL and BEL need to cross key hurdles to breakout.
The agreement, announced at the Aero India 2023, includes transfer of intellectual property (IP) for the design and manufacture of the OAS for Indian helicopters and potential future exports
In the near-term, analysts believe a drop in the defence budget for financial year 2023-24, coupled with premium valuations of related stocks, could weigh on the sentiment
Malaysia has shortlisted the Tejas light fighter jet for an order of around 10 to 20 planes and Argentina, Egypt and Botswana have also expressed interest
Bharat Dynamics, Hindustan Aeronautics, and Bharat Electronics have skyrocketed 87 per cent, 79 per cent, and 44 per cent, respectively, since Budget 2022
The derivative analyst from HDFC Securities recommends to Buy HAL 2600 Put and simultaneously Sell 2500 Put for the December expiry.
So far in calendar year 2022, the stock price of HAL has zoomed 123 per cent as compared to a 4.8 per cent rise in the S&P BSE Sensex