Multibagger stock Hindustan Aeronautics scales 52-week high on a large order win worth Rs. 1173 Cr from Cochin Shipyard
Hindustan Aeronautics share price rising more than 3% in morning trades scaled 52-week highs on a large order win worth ₹1173.42 Crores from Cochin Shipyard. Hindustan Aeronautics will be supplying 6 sets of LM2500 Gas Turbines(GT) and GT Auxiliaries (GTAE), Spares, Tools for Indian Navy Next Generation Missile Vessel(NGMV) Project to Cochin Shipyard. The order by Cochin Shipyard is to be executed by Hindustan Aeronautics (HAL) between FY26 to FY29.
Strong order book bodes well for Hindustan Aeronautics (HAL) in coming years due to very good revenue visibility, said analysts. Also Read- Adani Power upper circuit: Adani Power share price jumps 5% as RIL picks stake in company's MP project "We believe that Hindustan Aeronautics (HAL) is a long-term play on the growing strength & modernization of India's air defence as it is the primary supplier of India's military aircraft and leap in HAL's Technological capabilities along with robust 5 year order book pipeline of more than Rs.2 trillion ( ₹2 Lakh Crore)" said an analyst at Prabhudas Lilladher. The analysts already have remained positive on the prospects of Hindustan Aeronautics.
Hindustan Aeronautics share price too have seen sharp gains of more than 153% in last one year on rising order flows predominantly from the Defence Sector. The order in flows are expected to remain strong. Also Read- RVNL share price jumps over 5% on bagging several projects The growing percentage of indigenization in the aircraft and helicopter industries, together with the potential for exports, has already been leading analysts to expect a re rating for the Hindustan Aeronautics stock.
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