HINDUSTAN AERONAUTICS LIMITED HAL
Stock Radar: This high-flying aerospace stock witnesses range breakout; time to buy or book profits?
Over the past year, HAL shares have surged 197%, rising from Rs 1,867 on July 5, 2023, to Rs 5,552 on July 5, 2024. Post reaching a high of Rs 5,585 on June 19, 2024, the stock experienced a slight pullback but continued its upward trajectory. It found support above the 5-day moving average, and a buy signal was triggered by the Supertrend indicator on June 18, 2024, suggesting sustained momentum.
Indian defence firms need to invest more in innovations and R&D to keep pace with global standards: Report
According to India Infoline Finance Limited (IIFL) report, these firms allocate only 1.2 per cent of their revenue to R&D, markedly lower than the global average of 3.4 per cent. This gap highlights a need for increased investment in innovation to keep pace with global standards.
High-speed expendable aerial target 'ABHYAS' successfully completes development trials
ABHYAS, designed by DRDO, is designed for autonomous flying with the help of an auto pilot, a laptop-based Ground Control System for aircraft integration, pre-flight checks, and autonomous flight.
IAF to acquire 6 Tapas drones, lead military acquisition for Made-in-India UAVs
Indian Navy to order four Tapas drones built by DRDO for maritime surveillance operations.
Defence and fertilizer stocks decline up to 8% amid profit booking
In the recent few trading sessions, both sectors witnessed a rally as the defence sector was backed by factors like new order wins, positive growth outlook and stability of the PM Narendra Modi-led NDA government.
F&O Ban: HAL, Indus Towers among 8 stocks under trade ban on Thursday
GNFC and Sun TV Network exited the F&O ban list. MWPL and OI levels determine entry and exit from the ban.
HAL to consider final dividend payout for FY23-24 on June 26
On Wednesday, Hindustan Aeronautics (HAL), a defense PSU, disclosed its plan to discuss the payment of the final dividend for the fiscal year 2023-24 during its board meeting scheduled for June 26th.
Defence ministry issues RFP for procurement of 156 light combat helicopters
The Indian defence ministry has initiated the procurement process for 156 light combat helicopters from Hindustan Aeronautics Ltd (HAL). The initial tender has been issued, with 90 for the Army and 66 for the Indian Air Force. The 5.8-tonne twin-engine LCH helicopter is capable of destroying enemy assets in high-altitude regions and has modern stealth characteristics.
HAL shares rally 6% as Ministry of Defence to procure ‘Prachand’ helicopters
Shares of HAL soared 6% to reach an all-time high of Rs 5,484.20 on the Bombay Stock Exchange (BSE) during Tuesday's trading session. The surge came after the company disclosed that the Ministry of Defence has issued a request for proposal (RFP) to procure 156 Light Combat Helicopters from HAL.
Stocks in news: Zomato, Paytm, HAL, Som Distilleries, Adani Enterprises, TCS
Sensex and Nifty hit new highs. NCLAT directs NCLT to re-hear APL Apollo Tubes insolvency plea. Reliance Jio's tech collaboration with TM Forum sees 80% resource increase. Police investigate child labor at Som Distilleries. Mahindra Lifespace targets sharp increase in sales. Lupin enters CDMO business. Alembic Pharma receives FDA approval.
HAL receives RFP from Defence Ministry for procurement of 156 Light Combat Helicopters worth Rs 45,000 crore
Hindustan Aeronautics Limited (HAL) announced on Monday that the Defence Ministry has issued a request for proposal to procure 156 Light Combat Helicopters from the company, in line with the 'Make in India' initiative. According to HAL's statement, 90 of these helicopters are earmarked for the Indian Army (IA), with the remaining 66 intended for the Indian Air Force (IAF).
Jefferies recommends Buy on Hindustan Aeronautics amid defence indigenisation and export focus, sees 12% upside
Jefferies, citing upbeat sentiment towards defense indigenization and export focus, recommends buying HAL with a target price of Rs 5,725, indicating a 12% upside potential from the previous day's closing price of Rs 5,103 per share. The firm anticipates HAL to maintain double-digit growth over the next 3-5 years, supported by positive sentiments around defense indigenization and exports.
Moving beyond Airbus & Boeing: What will it take for India to make its own commercial airliner?
India is already a growing sourcing hub for the global defence and aerospace industry. With government help, this ecosystem can, in time, be developed to support the development of a commercial plane. That is how we made our space programme, experts point out.
IAF's Sukhoi fighter crashes in Nashik; pilot, co-pilot eject safely
An Indian Air Force Sukhoi fighter plane crashed in Maharashtra. The pilot and co-pilot ejected safely in Nashik district, according to police.
Hot Stocks: Brokerages on Balkrishna Industries, M&M, HAL and L&T
Brokerage firms like Jefferies, ICICI Securities, and Citigroup are positive on industrial space with L&T, HAL, Balkrishna Industries, and M&M as top picks.
Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending
In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.
Indian Air Force's first LCA Mark 1A fighter aircraft set for July delivery, HAL accelerates indigenous aircraft program
Hindustan Aeronautics Limited (HAL) is set to deliver the first LCA Mark 1A fighter aircraft to the Indian Air Force (IAF) by July, after a brief delay. The aircraft's delivery, initially planned for February-March, was postponed due to technical reasons. HAL conducted the first successful flight of the indigenous fighter last month and is currently undergoing integration trials. The induction of the LCA Mark 1A marks a milestone in India's military self-reliance, with an order for 83 planes already placed and another order for 97 planes expected by the end of the fiscal year.
HAL Q4 Results: Cons PAT leaps 52% YoY to Rs 4,309 crore, revenue up 18%
HAL Q4 Results: The defence PSU had reported a profit of Rs 2,831 crore in the corresponding quarter of the last financial year. The net profit was up by a whooping 241% on a QoQ basis, Rs 1,262 crore being the PAT figure in Q3FY24. Moreover, the company has succeeded in clipping its expenses on a YoY basis.
Defence stocks: Stay bullish, just hedge a bit to avoid narrative-based decisions; 4 stocks with upside potential of up to 33%
One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.
Load More
