163% return in 1 year: This defence PSU stock gets buy call - Check share price target

Hindustan Aeronautics Limited (HAL) is one of the multibagger defence stocks. Amid the uncertainty in the market, brokerage firm Jefferies has given a 'buy' call on this aerospace Public Sector Undertaking (PSU) stock.

HAL Share Price

HAL's share opened at Rs 3747 on Thursday and went on to surge around 1.25 per cent to hit a 52-week high of 3768.15. The scrip had closed at Rs 3721.30 in the last trading session. The counter of HAL, which has a market cap of Rs 2,48,844.49 crore, has a 52-week low of Rs 1,370.25. Last seen, the counter was trading at Rs 3721.95 apiece on the BSE.

HAL Share Price Target

Brokerage firm Jefferies has maintained BUY on this defence PSU stock with a target price of Rs 3,900 per share. 

Earlier, Kunal Saraogi of Equityrush recommended buying Hindustan Aeronautics Ltd (HAL) shares for targets of Rs 3,700 and Rs 3,750 with a stop loss of Rs 3,570.

The counter has given 163 per cent return in 1 year and has gained over 328 per cent in two year. 

HAL Dividend History

Meanwhile, the defence stock announced an interim dividend of Rs 22 per equity share with a face value of Rs 5 each. HAL turned ex-dividend in February. Here's the complete history of HAL Dividend.

Meanwhile, the company is expected to announce its Q4 earnings for FY24 which is most likely to be announced in late April and May 2024.