VERIFIEDET Markets·30 Sept 2026positive

Re-rating on cars for HAL shares as Tejas Mk1A aircraft deliveries near: Jefferies

AI Summary

·Tejas Mk1A represents 43% of HAL's order book and is seen as a potential re-rating catalyst.
·HAL CMD Ravi Kota anticipates delivering 10 aircraft this year, exceeding Jefferies' prior forecast of five.
·Jefferies maintained its Buy rating on HAL shares with a target price of Rs 6,800.