AgenciesICICI Direct has buy call on Hindustan Aeronautics with a target price of Rs 2860. The current market price of is Rs 2311.95.
Time period given by analyst is one year when . price can reach defined target.
Hindustan Aeronautics Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 76748.62 Crore) operating in Defence sector.
Hindustan Aeronautics Ltd. key Products/Revenue Segments include Sale of services, Engineering Goods, Spares And Others, Development Projects, Miscellaneous and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3814.10 Crore, down -68.38 % from last quarter Total Income of Rs 12061.79 Crore and up 115.98 % from last year same quarter Total Income of Rs 1765.96 Crore. Company reported net profit after tax of Rs 607.36 Crore in latest quarter.
Investment Rationale
The brokerage continues to remain positive and retain BUY rating on the stock
Promoter/FII Holdings
Promoters held 75.15 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.72 per cent, DIIs 7.55 per cent.
Time period given by analyst is one year when . price can reach defined target.
Hindustan Aeronautics Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 76748.62 Crore) operating in Defence sector.
Hindustan Aeronautics Ltd. key Products/Revenue Segments include Sale of services, Engineering Goods, Spares And Others, Development Projects, Miscellaneous and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3814.10 Crore, down -68.38 % from last quarter Total Income of Rs 12061.79 Crore and up 115.98 % from last year same quarter Total Income of Rs 1765.96 Crore. Company reported net profit after tax of Rs 607.36 Crore in latest quarter.
Investment Rationale
The brokerage continues to remain positive and retain BUY rating on the stock
Promoter/FII Holdings
Promoters held 75.15 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.72 per cent, DIIs 7.55 per cent.
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