The brokerage has assigned an 'Add' rating to HAL and BEL, with target prices of ₹6,325 and ₹459, respectively, while Bharat Dynamics, Astra Microwave, and Data Patterns remain 'Not Rated.'
Antique Broking maintained its 'Buy' rating, with a target price of ₹6,360 per share, the highest target assigned by any analysts under the Bloomberg coverage
At 10:32 AM; Nifty India Defence index was up 2.6 per cent, as compared to 0.28 per cent rise in Nifty 50.
Bajaj Finance, Coal India and Hindustan Aeronautics are the buy recommendations given by Ajit Mishra of Religare Broking
Around 2:30 PM, Hindustan Aeronautics share price was trading 1,99 per cent higher at ₹4,542 per share. By comparison, BSE Sensex was trading 0.31 per cent higher at 81,350.68 levels.
Apart from Nifty, 1 in every 4 stocks traded on NSE on Sept 4 recorded the day's high at open, and closed near the day's low; thus forming a 'Bearish Marubozu' candlestick pattern on the daily chart.
Hindustan Aeronautics (HAL) share price rose 3.5 per cent on Wednesday, logging an intra-day high at ₹4,611.6 per share on BSE; here's why
Here is the complete list of stocks that will trade ex-dividend on August 21, along with their key details
HAL posted a 4.11 per cent year-on-year (Y-o-Y) decline in net profit at ₹1,377 crore in Q1FY26, compared to ₹1,436 crore in the same quarter last year (Q1FY25).
Q1 FY26 company results: Apollo Hospitals, Honasa Consumer, Aavas Financers, Alkem Laboratories, and Cochin Shipyard are also to release their April-June quarter earnings reports today
Nifty India Defence index declined 2% in Friday's intra-day trade, corrected 17% from its all-time high level of 9,195.15 touched on June 6, 2025.
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The Hindustan Aeronautics Limited (HAL) plans to boost its revenues through focussed efforts on the export of accessories related to aircraft and other platforms, a senior official has said. In an interaction with mediapersons at the HAL's accessories division here on Wednesday, the official also said the platforms and components made by the state-run firm now reach "nearly 30 countries". He emphasised that the HAL is already working with the government to deepen domestic capability across aircraft systems, while endeavouring to widen its export footprint. The defence public sector undertaking (PSU) has plans to ramp up revenues through the export of accessories related to aircraft and other platforms, including Dornier Do-228, he said. "This is part of focussed efforts at the corporate level," the official working with the HAL's accessories division said. The division supports this strategy through documentation, post-sale engineering support and modification services, officials
At 01:44 PM; the Nifty India Defence index was the top loser among sectoral indices, down 2.3 per cent, as compared to 0.41 per cent decline in the Nifty 50.
The sharp rally in defence stocks came after the Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, approved 10 major capital acquisition proposals on Thursday.