HAL Shares May Re-rate as Tejas Mk1A Deliveries Near, Jefferies Says
Hindustan Aeronautics Ltd. could be headed for a valuation re-rating as visibility improves on deliveries of the Tejas Mk1A fighter, which accounts for 43% of the companyโs order book, Jefferies said. The brokerage retained its Buy rating and Rs 6,800 target price, citing stronger-than-expected delivery guidance from HAL management.
