HAL Shares May Re-rate as Tejas Mk1A Deliveries Near, Jefferies Says
Hindustan Aeronautics Ltd. could be approaching a fresh valuation re-rating as visibility improves on deliveries of the Tejas Mk1A fighter jet, Jefferies said. The brokerage highlighted that the aircraft accounts for 43% of HAL’s order book and noted that management now expects 10 deliveries this year, well above its earlier estimate of five.
