HAL shares poised to continue rebound after ₹13,000 crore order from Defence Ministry – CNBC TV18
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The Ministry of Defence has signed a contract with Hindustan Aeronautics for the procurement of 12 Su-30MKI aircraft. The deal is also for the procurement of associated equipment. The total value of the order is worth ₹13,500 crore, inclusive of taxes.
These aircraft will have 62.6% indigenous content, enhanced due to the indiginisation of many components which will be manufactured by the Indian defence industry, the statement said.
All the aircraft will be manufactured at Hindustan Aeronautics’ Nashik facility.
Brokerage firm UBS in its note said that with this order, HAL has received manufacturing orders worth ₹40,000 crore year-to-date, which is 40% of their financial year 2025 order intake of ₹1 lakh crore.
UBS expects defence orders to bunch up in the fourth quarter and as a result, HAL remains their top pick within the defence space.
Out of the 15 analysts that have coverage on HAL, 14 of them have a “buy” rating on the stock, while one has a “sell” rating.
Shares of HAL ended little changed on Thursday at ₹4,659. The stock has risen 14% in the last one month and have seen a rebound of over 18% from the lows that the stock had made in November, which was below levels of ₹4,000.
