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The stock is expected to continue its strong upward momentum in the coming days, derivatives analyst at SAMCO Securities Ashwin Ramani tells ETMarkets. On technical charts, HAL has been moving in higher highs and higher lows since November 23, 2023, he said.
According to data available on Trendlyne, the average target price of HAL is Rs 2,197, implying a downside of 11% from the current market price. The consensus recommendation from 11 analysts for the stock is a 'Buy'.
Hindustan Aeronautics Limited (HAL) removed the picture of Lord Hanuman from the HLFT-42 aircraft model displayed at the Aero India 2023 airshow following controversy