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.
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.