Ahead of the budget most experts that Moneycontrol spoke to expected an increase in budgetary allocation, with the government’s self-reliance push and aim to make India an export hub in the long term.
While most analysts believe that the interim budget is a non-event with major changes expected only after the elections, the overall expectation for the defence sector remains positive.
The stock is expected to continue its strong upward momentum in the coming days, derivatives analyst at SAMCO Securities Ashwin Ramani tells ETMarkets. On technical charts, HAL has been moving in higher highs and higher lows since November 23, 2023, he said.