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Hindustan Aeronautics Limited (HAL) is India’s largest aerospace and defense company. The company is engaged in the design, development, manufacture, and repair of aircraft, helicopters, and missiles.
The share price of HAL has been on a downward trend in recent years. However, there are some factors that could lead to an increase in the share price in the coming years.
These factors include:
- The growth of the Indian defense budget.
- The company’s focus on new technologies, such as the Light Combat Aircraft (LCA) Tejas.
- The company’s export potential.
The share price of Hindustan Aeronautics Limited (HAL) is expected to continue to grow in the coming years, driven by strong demand for its products and services. According to analysts, the stock could reach a target price of ₹3,500 in 2023.
The demand for HAL’s products is expected to grow further in 2024, as the Indian government increases its defense spending. This, along with the company’s plans to expand its international presence, could help the stock reach a target price of ₹4,500 in 2024.
HAL is expected to benefit from several major defense projects in the pipeline, such as the Tejas Light Combat Aircraft and the AMCA Fifth Generation Fighter Aircraft. These projects could help the stock reach a target price of ₹6,000 in 2025.
In the long term, HAL is well-positioned to benefit from the growing demand for defense products and services in India and abroad. The company is also investing in new technologies, such as drones and UAVs, which could further boost its growth. As a result, analysts believe that the stock could reach a target price of ₹10,000 in 2030.