India's HAL rises on quarterly revenue growth, robust order book

Hindustan Aeronautics

13/08/2025 07:52

** Shares of Hindustan Aeronautics HIAE.NS rise about 3% to 4538 rupees apiece

** State-run aerospace manufacturer reports 11% rise in consolidated June-quarter revenue

** Nomura keeps "buy" rating, citing strong order book, defence indigenization, and R&D focus

** CLSA reiterates "outperform," highlighting gains due to $12 billion order execution under Prime Minister Narendra Modi's third term

** Sees large fighter aircraft order in 2025 and GE engine deal visibility as near-term catalysts

** CLSA says HIAE justifiably trades at a premium to global peers given Make-in-India pipeline and market access

** The average rating of 17 analysts tracking HIAE is "buy", the median price target is 5650 rupees, 28% above the last close, data compiled by LSEG shows

** HIAE shares are up 11.7% in 2025 so far, outperforming the 0.9% uptick in the Nifty PSE index .NIFTYPSE, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))