HAL Delivery Push Draws Bullish Calls From CLSA, Citi, Goldman Sachs With Upto 27% Upside — Check Target Prices
A defence development with market-wide reach.
· NDTV Profit
CLSA, Citi and Goldman Sachs retain positive calls on Hindustan Aeronautics as Tejas, Dhruv NG and HTT-40 deliveries improve execution visibility.
The analysis
Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.