Highlights The company enjoys dominant position in the growing defence aerospace Strong order book and a huge pipeline provides robust visibility New manufacturing capacity to help deliver higher growth Valuations supportive now with the recent correction in stock prices There are a few companies that offer longevity of business and certainty of cash flows. The government-owned Hindustan Aeronautics (HAL), which is the monopoly in the defence aerospace industry, is one of them. Its manufacturing capabilities, technical know-how, tie-ups with global players, strong entry barriers,...