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HAL shares rise after Goldman Sachs upgrades to buy and lifts price target

Hindustan Aeronautics logoHindustan Aeronautics
Sig1.35Sen+4.85Env0.00Soc0.00Gov0.00

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.

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