HAL’s order book stood at ₹80,000 crore in FY23 and UBS expects the defence PSU to triple its order book to ₹2.4 lakh crore in FY26 led by increased defence expenditure.
HAL stock hit a new 52-week high of Rs 3,078.8 in today s trade after brokerage UBS initiated coverage on the stock with Buy rating and target price of Rs 3,600.
HAL: This Rs 2.23 lakh crore approvals included nod for procurement of light combat helicopters & light combat aircraft Mk 1A (Tejas) from HAL. The AONs have also been accorded for upgradation of Su-30 MKI aircraft indigenously from HAL.