Motilal Oswal starts India's Hindustan Aeronautics with 'buy'; stock up

Hindustan Aeronautics

11/04/2025 07:38

** Motilal Oswal starts Hindustan Aeronautics HIAE.NS with "buy", PT of 5,100 rupees

** Warplane maker's stock rises ~2.3% to 4,122 rupees

** Brokerage expects HAL to benefit from strong pipeline of projects and overall revenue to record 29% CAGR over FY25-27, driven by a sharp scale up in manufacturing revenue

** Says co's projects, including Tejas Mk1, Tejas Mk1a and Su-30 upgrade, will fuel manufacturing revenue growth

** Stock rated "buy" on avg; median PT is 4,887 rupees, per data compiled by LSEG

** HIAE down 1.66% this year, as of last close

 (Reporting by Shivani Tanna in Bengaluru)

 ((ShivaniJayesh.Tanna@thomsonreuters.com;))