Vinay Rajani favours buy-on-dips in Nifty; bets on HAL, Karnataka Bank
Hindustan Aeronautics secured new business in a defence development.
· Business Standard Mkts
Vinay Rajani of HDFC Securities has recommended buy-on-dips in Nifty, as support has shifted higher to 22,580, followed by 22,300.
The analysis
Against that, the stock is +0.4% on the day at ₹4,887.30, 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, Banks.
In this story
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