Shares of state-run Hindustan Aeronautics Ltd have lost 37% of their value over the last seven months. But the Dalal Street has a consensus target price of ₹5340 per piece, implying a 50% upside from the current market price.
The stock of defence PSU major ended Wednesday’s (February 12) session at ₹3594.15 on the NSE, down 1.5% from previous day close. The stock has given 14% of its value in 2025 so far, after consistently outperforming in the last five years through 2024.
The state-owned defence major on February 12 reported 14% jump in consolidated net profit at ₹1,440 crore for the quarter ended December 2024, driven by sustained demand for its aircraft from the defence ministry. It reported a consolidated net profit of ₹1,261 crore in the year-ago period. The defence PSU’s revenue from operations surged 15% to ₹6957 crore during the quarter.
JP Morgan, which has an “overweight” rating on the stock with a twelve-month target price of ₹4958 observed that the company’s order inflow has been strong through nine-months ended December 2024. “The nine months order inflow of ₹56,100 crore is healthy, driven by orders for Sukhoi Engines & Aircrafts. The order book in Q3FY25 stands at Rs1.3 lakh crore, up 58% year-on-year,” wrote JP Morgan in an investor note. The brokerage further said that the company expects orders of Rs1.65 lakh crore (additional LCAs and LCHs), underlining significant opportunity ahead.
Of the 16 analysts who track the stock on Bloomberg, 15 have “Buy” ratings on the sock, with a single “Sell” rating. While Antique Stock Broking has set the highest target price at ₹7089, about eight of them have a target price ranging from ₹5300 to ₹5814 per share.
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