business ๐ HAL stock jumps after Goldman Sachs upgrade
Hindustan Aeronautics Ltd. shares rose by as much as 5% on Thursday, August 6, following a rating upgrade from Goldman Sachs. The brokerage changed its recommendation on HAL to "buy" from "neutral" and raised the price target to โน5,870. This upgrade is based on expected execution improvements for the Tejas Mk1A fighter jet starting in Q2. Additionally, GE Aerospace is expected to streamline F-404 engine deliveries in the second half of the current financial year. HAL plans to deliver 20 aircraft in FY27, significantly more than previous targets. ๐