HAL shares can rally up to Rs 6,145, order book at all-time high: Antique
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After the Cabinet Committee on Security (CCS) cleared the Sukhoi engines deal, boosting Hindustan Aeronautics (HAL)'s order book to an all-time high, Antique Stock Broking predicts the share price could rally up to Rs 6,145. This indicates a potential upside of 25% from the day's high of Rs 4,925. The Cabinet Committee on Security (CCS) has approved a Rs 260 billion procurement order for 240 aero engines for Su-30 MKI aircraft. This will increase Hindustan Aeronautics (HAL)'s already strong order backlog from Rs 940 billion (FY24 end) to Rs 1.2 trillion, resulting in strong revenue visibility of 3.8 times its trailing twelve months (TTM) revenue. Although near-term financials may be volatile due to supply chain challenges in executing the large Tejas MK I A orders, the stock is considered attractively valued. With multi-year double-digit earnings growth potential and a robust return ratio profile of over 20%, the report retain...