HAL Share Price Target: Defence sector PSU gets 'BUY' call after Rs 8,073 crore deal - Check Details

HAL Share Price Target NSE, BSE: Shares of defence Public Sector Undertaking (PSU) Hindustan Aeronautics is in focus today as the company has signed a Rs 8,073 crore deal with the Defence Ministry. Under the deal, the Indian Army and the Coast Guard will get 34 Dhruv Mk III helicopters. 

HAL Share Price Target NSE, BSE

According to Zee Business panellist and market expert Vikas Sethi, shares of HAL were down by around 7 per cent on Wednesday and fresh orders may help the stock to rise. 

HAL Share Price Target - 3150

HAL Stoploss - Rs 2980

Meanwhile, the counter opened at Rs 3045.05 today and went on to hit the day's high of Rs 3121.75 - a rise of 2.69 per cent from the previous close of Rs 3039.90. Last seen, it was trading at Rs 3,105.70.

HAL Dividend History

Earlier, the company announced an interim dividend of Rs 22. Check the HAL dividend history below.

Meanwhile, the Defence Ministry signed two contracts, for a combined value of Rs 8,073.17 crore, with the Hindustan Aeronautics Ltd (HAL) for acquisition of 34 Advanced Light Helicopters (ALH) Dhruv Mk III, along with the operational role equipment, for the army (25) and the Coast Guard (9) under Buy (Indian-IDDM - Indigenously Designed, Developed and Manufactured) category.

The ALH Dhruv Mk III UT's (Utility) army version is designed for search & rescue, troop transportation, internal cargo, recce/casualty evacuation etc. It has proved its performance in high-altitude regions like the Siachen Glacier and Ladakh.