Shares of aerospace and defense company Hindustan Aeronautics Limited (HAL) hit a new 52-week high on Tuesday. Shares of Hindustan Aeronautics rose 3% on Tuesday to Rs. 4064.10 was reached. Market experts say that the shares of this defense company can see a tremendous rise. Hindustan Aeronautics share may cross Rs 5000. The company’s stock has a 52-week low of Rs 1486.23.
Shares of the company could go up to Rs 5,200, UBS said
Foreign brokerage house UBS says that shares of Hindustan Aeronautics Ltd can go up to Rs 5200. In January this year, UBS raised Rs. Initiated coverage on the company’s stock with a price target of 3600. The brokerage house has now revised its target price on shares of Hindustan Aeronautics. According to the revised target price, the company’s shares could rise 32% from Monday’s closing level. UBS estimates Hindustan Aeronautics Ltd’s order book to triple by FY2027. At the same time, the company’s manufacturing business revenue will increase by 25 percent during this period. Manufacturing business accounts for half of the company’s total revenue.
Shares have gained more than 1400% in 4 years
Shares of Hindustan Aeronautics Limited (HAL) have seen a rapid rise in the last 4 years. The company’s stock has gained more than 1450% in the last 4 years. Shares of Hindustan Aeronautics on May 15, 2020 at Rs. was at 261.75. Shares of the defense company touched a high of Rs 4064.10 on 14 May 2024. At the same time, in the last one year, shares of Hindustan Aeronautics have seen an increase of 170 percent. On May 15, 2023, the shares of the company were Rs. 1512.08, which is now Rs. 4000 has been crossed. At the same time, the defense company’s shares have gained more than 95 percent in the past 6 months. During this period the shares of the company were Rs. 2089.85 to Rs. 4064.10 has been done.
