India's Hindustan Aeronautics rises; CLSA reiterates 'outperform'

Hindustan Aeronautics

25/09/2025 08:58

** Shares of Hindustan Aeronautics Ltd HIAE.NS rise as much as 2.2% to 4,827.6 rupees

** Brokerage CLSA reiterates "outperform" on aircraft maker's stock with TP of 5,436 rupees, an upside of 15.1% to last close

** HIAE trades at a "deserved premium" to global aerospace peers given its Make-in-India pipeline and market access - CLSA

** Views HIAE as the biggest beneficiary of this push; co is a virtual monopoly operating in industry with high entry barriers, enabling a 20%+ ROE

** CLSA says co reached important milestone with 1st flight of 13th Light Combat Aircraft this week vs 12 it aimed for in the fiscal year

** Adds delivery of 2 Mk1A aircraft seen as crucial for $7.8 billion repeat order, which could add 35% to its $22 billion backlog; says decadal pipeline remains healthy

** HIAE up 13.1% YTD so far

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))