HAL shares surge over 3% as government approves Rs 62,000-crore Tejas jet order
Published on 20/08/2025 11:51 AM
HAL Share Price, HAL Share Price Target: Major defence PSU Hindustan Aeronautics Ltd (HAL) gained over 3 per cent on Wednesday after global brokerage UBS reiterated its stance, following the government’s clearance of a major defence order.
The stock surged as much as 3.56 per cent to an intraday high of Rs 4,611.60 apiece on the BSE.
Recently, the Cabinet Committee on Security (CCS) approved a Rs 62,000-crore contract for the procurement of 97 Tejas MK1A fighter aircraft. It marks HAL’s second major order for the indigenous Tejas MK1A jets, taking the company’s total order book for this aircraft to 180 units.
Global brokerage UBS has maintained a ‘neutral’ rating on HAL with a target price of Rs 4,900, implying an upside potential of around 10 per cent from Tuesday’s closing price.
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