VERIFIEDET Markets·18 May 2026neutral

HAL shares fall 10% in 3 days after Q4 results but Jefferies, Nuvama, other brokerages are raising target prices, here’s why

AI Summary

·Hindustan Aeronautics (HAL) shares declined 10% over three days following its Q4 results.
·Despite a modest rise in profit and revenue, execution delays and softer margins impacted sentiment.
·Brokerages including Jefferies, Nuvama, and Equirus have raised target prices due to a strong order backlog and anticipated Tejas Mk1A deliveries.