HAL Surges 4.54% to ₹4,386.90 on NSE, Hits Multi-Month High
HAL share price rallied over 4.5% on April 28 to ₹4,386.90, driven by defence sector optimism and strong investor interest.
Key Highlights:
HAL Share Price Soars to ₹4,386.90, Up 4.54% on Strong Sector Momentum
Hindustan Aeronautics Ltd (HAL) share price surged ₹190.50 or 4.54% on April 28, climbing to ₹4,386.90 on the NSE. The stock touched an intraday high of ₹4,406.00 in early trade, as defence and aerospace stocks witnessed broad-based buying.
HAL Stock Performance Overview
- Previous Close: ₹4,196.40
- Opening Price: ₹4,209.90
- Day’s High/Low: ₹4,406.00 / ₹4,200.50
- Market Cap: ₹2.93 lakh crore
- P/E Ratio: 33.74
- Dividend Yield: 0.87%
- 52-Week High/Low: ₹5,674.75 / ₹3,046.05
The sharp move was supported by strong Q4 expectations and recent commentary on large defence export orders and Make in India initiatives.
What’s Fueling the Rally?
- Optimism around defence exports and government-backed projects
- Increased budget allocations toward indigenous defence manufacturing
- Anticipation of strong quarterly results and order inflow guidance
HAL is among the top beneficiaries of India’s self-reliance push in defence manufacturing, with long-term contracts and strategic projects boosting investor sentiment.
Analyst Views
- Motilal Oswal retains “Buy”, revises target to ₹4,500 citing strong order pipeline
- Axis Securities upgrades to “Add”, noting tailwinds from defence capex
- ICICI Direct sees long-term potential in export-oriented defence production
What This Means for You
Investors looking for a stable PSU defence play may consider HAL for long-term exposure. Momentum traders can track the ₹4,400 level for a breakout confirmation, while ₹4,300 could act as immediate support.
What Lies Ahead
With Q4 FY25 results on the horizon, the focus will be on operational margins, fresh order announcements, and updates on jet engine or helicopter deals. The ₹4,350–₹4,500 zone will remain crucial for short-term sentiment.
Stay updated with the latest from Hindustan Herald — your trusted source for
Politics, Business, Sports, Entertainment, Lifestyle, Breaking News, and More.
📲 Follow us on Facebook, Instagram, Twitter, LinkedIn, and YouTube
🔔 Join our Telegram channel @hindustanherald for real-time news alerts.
