Technical view: Chandan Taparia bullish on HAL, Shriram Finance & 1 more
Hindustan Aeronautics left its position unchanged in a defence development.
· Business Standard Mkts
Chandan Taparia has said Nifty has given an inside bar breakout in the previous session, indicating a strong recovery. If Nifty holds above 22,700, it may bounce towards 22,850 and then 23,000 levels.
The analysis
Against that, the stock is +0.5% on the day at ₹4,894.60, and has returned +10.1% over three months. It sits 4% below its 52-week high. The defence & aerospace sector has moved +3.5% over the same period, so Hindustan Aeronautics is running 6.6 points ahead of its peers.
For Hindustan Aeronautics, the question is how much of this is already reflected in the price and how much re-rates the defence & aerospace peer set alongside it.
Why it matters
- Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Market context
- The company directly in focus is HAL.
- Sector exposure: Defence & Aerospace, Financial Services.
In this story
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