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Budget 2021

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Budget 2021

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Buy Hindustan Aeronautics; target of Rs 1152: Anand Rathi

Anand Rathi is bullish on Hindustan Aeronautics has recommended buy rating on the stock with a target price of Rs 1152 in its research report dated January 05, 2021.

January 14, 2021 / 08:54 PM IST
 
 
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Anand Rathi's research report on Hindustan Aeronautics


Hindustan Aeronautics is engaged in the business of Manufacture of Aircraft and Helicopters and Repair, Maintenance of Aircraft and Helicopters.  HAL is one of the premier defence PSU in India along with Defence Research & Development Organization (DRDO) and has over the years showcased research, design and development capabilities with the successful development of military aircraft and helicopters such as the Ajeet, Marut, HPT-32, Kiran and Advanced Light Helicopter.  Other than the indigenous aircraft and helicopters HAL has also manufactured aircrafts under license including the MiG 21FL/M/BIS, MiG-27, Dornier 228, Su-30 MkI, Hawk Mk 132 aircraft etc.  HAL derives ~93% of sales from Indian Defence Services and export its products and services, primarily spares to more than 21 countries. The company’s operations are spread over 20 production divisions and 10 R&D centers.


Outlook


Thus based on the business capabilities, industry growth prospects and valuations, we initiate our coverage on Hindustan Aeronautics Limited with a BUY rating and a target price of ₹1,152 per share.


For all recommendations report, click here


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Broker Research
first published: Jan 6, 2021 01:53 pm

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