At 11:29 AM on Friday, the BSE India Defence index was the top gainer among thematic indices up 1 per cent as compared to 0.11 per cent rise in the BSE Sensex.
Hindustan Aeronautics reported a consolidated net profit of ₹4,196 crore, up 5.5 per cent from ₹3,977 crore in the corresponding quarter of the previous fiscal
The company's net profit rose to ₹4,196 crore ($438.32 million) for the quarter ended March 31, from ₹3,977 crore a year earlier
In the March quarter (Q4FY26), HAL reported a 5.5 per cent increase in net profit to ₹4,196.04 crore, as compared to ₹3,976.63 crore a year ago
Q4FY26 company results: Firms including Apollo Tyres, Muthoot Finance, Indian Railway Finance Corporation, and Tata Motors Passenger Vehicles are also to release their January-March earnings today
The Nifty India Defence index hit an intra-day high of 9,093.20, up 1.3 per cent on the NSE in intra-day deals, and was inching towards its 52-week high of 9,159.55 touched on June 24, 2025.
JM Financial Institutional Securities maintains 'Buy' rating on HAL with a target price of ₹4,875.
State-run aerospace behemoth HAL on Friday said Ravi K has assumed charge as the 22nd Chairman and Managing Director of the company. He succeeded D K Sunil, who superannuated on April 30. Ravi brings over 30 years of experience across various sectors such as A&D, manufacturing and electronics, the Hindustan Aeronautics Limited (HAL) said in a release. Prior to this, he was the Director (Operations) at HAL, where he led strategic planning and played a key role in securing HAL's Maharatna status. "My vision is to transform HAL into a globally competitive aerospace and defence enterprise, driven by innovation, Artificial Intelligence (AI), operational excellence, and people," Ravi said. He has held key leadership roles, including Executive Director and General Manager of the LCA Tejas Division, as well as Executive Director (Corporate Planning). During his tenure, he concluded various big-ticket contracts for HAL, such as the contract to supply 180 LCA Tejas to the Indian Air Force,
Among defence public-sector undertakings (DPSUs), DAM Capital said that it prefers Hindustan Aeronautics and Bharat Electronics.
The pact includes the transfer of manufacturing expertise to India and will be followed by a final contract
JM Financial has valued Hindustan Aeronautics at around 29 times its post-COVID historical average, reflecting a strong pipeline of prospects
Thus far in the month of April, Nifty India Defence index has outperformed the market by surging 8 per cent, as against 3 per cent gain in Nifty 50.
With the brake system issue resolved, the IAF will clear its grounded Tejas fleet next week, though engine shortages continue to delay the induction of 20 ready Mk-1A aircraft
Among the defence stocks, Paras Defence, Bharat Dynamics, Apollo Micro Systems, BEML, Midhani, Bharat Electronics and Astra Microwave gained between 8% and 10% in Wednesday's intra-day trade.
Thus far in the calendar year 2026, HAL has underperformed the market, by falling 18 per cent, as against 13 per cent decline in the BSE Sensex.
Cochin Shipyard, GRSE, BDL, BEML, Paras Defence, Mazagon Dock Shipbuilders and Unimech Aerospace have plunged between 40% and 51% from their respective 52-week highs.
Motilal Oswal Financial Services has a 'Buy' rating on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave Products
The brokerage in its note highlighted that the global defence sector has entered a structurally elevated growth phase, driven by persistent geopolitical conflicts
Sun Pharma and Hindustan Aeronautics are among the top stock picks by Rajesh Bhosale of Angel One
In the past one month, the Nifty India Defence index has rallied 11 per cent, as against 4 per cent fall in the Nifty 50.