Hindustan Aeronautics may fly higher on GE deal, F&O inclusion

Rallies 29% in 7 days; analysts say firm well placed to execute order book

Shares of Hindustan Aeronautics (HAL) have been hitting new 52-week highs ever since news broke of the aerospace major signing a $716-million deal with GE Aviation for supply of engines. The stock’s inclusion in the futures and options (F&O) segment has also fueled the rally.

On Friday, HAL’s stock hit a new one-year high of Rs 1,398.10 intraday, before closing at Rs 1,381.10 on the BSE Sensex, up 7.2 per cent over the previous day. It’s all-time high, on intra-day basis, is Rs 1,424 made on August 14, 2020.

In the past seven trading days, the market price of HAL