1Hindustan Aeronautics: HAL A Hold Recommendation with Growing Prospects
HAL reports 7.0% YoY revenue growth in Q3FY24 with EBITDA margin expanding by 629bps YoY. Defense Acquisition Council approves acquisition of ~97 Tejas Mk1A aircraft & ~156 LCH Prachand helicopters by HAL. Interim budget FY25 allocates 44% increase in capital outlay for defense aircraft and aeroengines, amounting to Rs 408 billion. HAL identified as primary … Read more