Buy Hindustan Aeronautics, target price Rs 1585: Axis Securities

Axis Securities has buy call on Hindustan Aeronautics with a target price of Rs 1585. The current market price of Hindustan Aeronautics is Rs 1424.5. Time period given by analyst is 4 weeks 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 47381.04 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
The daily , weekly and monthly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.