Buy Hindustan Aeronautics, target price Rs 1475: IIFL

IIFL has buy call on Hindustan Aeronautics with a target price of Rs 1475. The current market price of Hindustan Aeronautics is Rs 1433.25. Time period given by analyst is Intra Day when Hindustan Aeronautics Ltd. price can reach defined target.

Hindustan Aeronautics Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 47890.98 Crore) operating in Defence sector.

Hindustan Aeronautics Ltd. key Products/Revenue Segments include Sale of services, Engineering Goods, Spares And Others, Development Projects, Other Operating Revenue and Miscellaneous for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 5688.54 Crore, up 222.12 % from last quarter Total Income of Rs 1765.96 Crore and up 15.12 % from last year same quarter Total Income of Rs 4941.57 Crore. Company reported net profit after tax of Rs 843.83 Crore in latest quarter.

Investment Rationale
Stock is forming a bullish rounding bottom formation on the daily chart