By Admin 
Hal Shares: PSU Defense Sector company Hindustan Aeronautics Limited (HAL) shares opened flat on Tuesday after Monday’s decline, but it reached the Intrade High Level of 5,050.10 shortly after Monday. However, later it saw some decline and it was trading close to 4,979 of the day. & Nbsp;
Brokerage trusts HAL’s share
With this decline of today, HAL shares are about 12 percent below the 52 -week high level 5,674.75. On July 9, 2024, the company touched this high level by the company. However, despite this, the ‘overweight’ has been maintained with a target price of Rs 6,105 per share on Global brokerage firm JP Morgan HAL. Brokerage has written in his note that HAL is constantly moving forward, whose credit goes to a strong order book and many possible orders. & Nbsp;
JP Morgan also said that it is necessary to keep an eye on AMCA (Advanced Medium Combat Aircraft). Under this, fifth generation fighter jets will be made in India itself and with this India’s plan is to replace old fighter aircraft with new aircraft for its Air Force. To make this aircraft, government companies as well as private companies will also be given a chance. Aeronautical Development Agency (ADA) will soon release the Exemption of Interest (EOI) for this. & Nbsp;
HAL has a glut of order & nbsp;
HAL has no shortage of orders anyway. According to the report, HAL currently has an order of more than Rs 1,30,000 crore. Apart from this, HAL has an order book of Rs 1,89,000 crore, which is 6.1 times the Revenue of FY25.
The company’s plan is also to produce 26 Tejas aircraft by the year 2026. The company also has an order of Rs 62,700 crore for 156 light combat helicopters and other related equipment for the Indian Army and Air Force. Apart from this, HAL also has an order to make 650 billion i.e. about 7.8 billion US dollars."Text-Align: justify;"> disclaimer: (Here information provided is being given only for information. It is necessary to tell here that the investment market is subject to risks. Always consult an expert before investing money as an investor. Never is advised by Abplive.com to invest money here.)"Text-Align: justify;"> & nbsp;
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