India's HAL jumps to 3-month high on major order win

Hindustan Aeronautics

01/04/2025 05:44

** India's Hindustan Aeronautics Ltd (HAL) HIAE.NS soars as much as 6.4% to three-month high of 4,444.95 rupees

** HAL to supply 156 light combat helicopters to Indian defence ministry in two contracts worth 627 bln rupees ($11.7 mln)

** Sees provisional FY25 revenue of 304 bln rupees vs 303.8 bln rupees in FY24; order book of 1.84 trln rupees at FY end from 94.1 bln rupees at start

** UBS raises PT to 5,440 rupees on improved visibility in orderbook execution

** Antique Stock Broking expects ramp in rev from FY26 on alleviating supply challenges

** Trading volume of ~3.5 mln shares is double the six-month daily avg

** HIAE up 6% YTD

($1 = 85.4700 Indian rupees)

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))