HAL shares rise after Goldman Sachs upgrades to buy and lifts price target
Goldman Sachs upgraded Hindustan Aeronautics to buy from neutral and raised its price target to ₹5,870 from ₹5,545, citing an expected pickup in Tejas Mk1A execution after a near two-year delivery delay. Management said six GE engines were received and tests were underway, with plans to deliver 20 aircraft in FY27. The LCA Mk1A order is valued at ₹48,000 crore.